Greek economy to shrink 2.3% in 2015, 1.3% 2016

GMT 11:18 2015 Wednesday ,12 August

Arab Today, arab today Greek economy to shrink 2.3% in 2015, 1.3% 2016

Greek economy
Brussels - Arab Today

Greece will tumble back into deep recession this year and next, EU sources said Wednesday as Athens implements a tough third debt rescue hammered out with its international creditors.

The Greek economy, which crawled out of a six-year recession only in 2014, will shrink 2.3 percent in 2015 and another 1.3 percent in 2016, the sources said, as the authorities push through a bailout aimed at helping Athens stay in the eurozone.

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