Greece’s economy is expected to contract 1.4% in 2015

Market news

22 October 2015

Greece’s economy is expected to contract 1.4% in 2015

Reuters reported that sources close to bailout talks said that Greece's economy is expected to contract 1.4% in 2015, slower than the previous estimate of a 2.3% decline. Greece economy is expected to contract 1.3% next year.

Greek Economy Minister George Stathakis said on October 07 that the Greek economy will decline about 1.5% this year.

Chief executives of world's largest oil traders Mercuria and Gunvor expect oil prices to remain below $60 per barrel until 2017

United Kingdom: Retail Sales (YoY) , September 6.5% (forecast 4.8%)

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