The Foundation for Economic and Industrial Research (IOVE) has published its quarterly study on finances in Greece and has predicted that the economy will grow by 0.7% in 2014.
Additionally IOVE argues in its report that most of the crisis has passed and that efforts must be made to support productive investments. The report also notes that determination is needed to tackle the red loan problem in Greece.
According to IOVE’s report, household consumption is expected to increase by 1%, which has been attributed to recent financial and political developments, such as the slight reduction of unemployment due to tourism.
The full report (in Greek) is available here.
