Greece Lowers 2015 Growth Forecast
March 27 2015 - 12:40PM
Dow Jones News
ATHENS--Greece sharply lowered its forecast for economic growth
this year to 1.4%, according to a senior government official.
According to initial estimates by the previous government and
its international creditors, Greece's economy was expected to grow
by 2.9% in 2015. This estimate was later lowered to 2.5% both by
the European Commission and the country's central bank, Bank of
Greece.
Greece's economy returned to growth in 2014 after six years of
recession, expanding at an annual pace of 0.8%, according the Greek
statistics agency.
Write to Nektaria Stamouli at nektaria.stamouli@wsj.com
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