Greece's economic crisis: Government expects growth in 2014
Deputy Finance Minister says economy projected to expand 0.6 per cent
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Greece expects its economy to grow next year, the first annual improvement after six years of brutal contraction.
Deputy Finance Minister Christos Staikouras says the economy is projected to expand 0.6 percent, compared with a 4 percent contraction this year.
Greece's economy has shrunk by about a quarter since 2008, when it was hurt by the global financial crisis. Then in late 2009, it was hit by revelations that its debt was far higher than expected.
The country has avoided bankruptcy through international rescue loans, in exchange for implementing harsh spending cuts and tax increases.
The conservative-led government has been able to reduce the budget deficit to 2.4 percent of output this year. According to the draft budget presented Monday, the deficit will remain at the same percentage in 2014.
AP
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments