• BANK OF GREECE: Greek economy to shrink more than 6% in 2012

Market news

3 December 2012

BANK OF GREECE: Greek economy to shrink more than 6% in 2012

 

- Greek economy to contract by 4%-4.5% in 2013

- Greek unemployment to exceed 26% in 2013-14

- All of lost competitiveness regained by 2013

- Uncertainty on place in Eurozone must be ended

- Despite delays, greek reforms are progressing


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