Bank of Greece: “Economy could start recover in 2013 if enact reforms

Market news

19 March 2012

Bank of Greece: “Economy could start recover in 2013 if enact reforms

PSI to bring debt down to 117% of GDP in 2020
debt to remain in downward trend after 2020
fiscal targets achievable if program strictly implemented
GDP to contract by 4.5% on average in 2012
unemployment to exceed 19% in 2012

U.S.: NAHB Housing Market Index, March 28 (forecast 30)

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