Greece predicts return to growth in 2014

Written By Unknown on Kamis, 21 November 2013 | 17.52

GREECE'S deputy finance minister says the economy is expected to emerge from its recession and grow slightly next year.

Christos Staikouras said on Thursday that the 2014 budget projects economic growth of 0.6 per cent next year.

He spoke as he presented the budget, submitted to Parliament moments earlier by Finance Minister Yannis Stournaras.

Staikouras said the economy is expected to contract by four per cent this year, slightly less than the originally expected 4.5 per cent.

He said the conditions are being created for Greece to return to the international bond markets next year.

It has been priced out of them by high interest rates since 2010, and relies on international rescue loans.


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