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Economists predict a 0.7% rate of recession in Greece for 2015

While the European institutions predict that the rate of recession in Greece will range between 2% and 4% in 2015, economists…

While the European institutions predict that the rate of recession in Greece will range between 2% and 4% in 2015, economists who spoke to Bloomberg argued that a 0.7% estimate is more realistic.

Additionally, the economists revised their estimates on unemployment in 2015, from 25.9% in April to 26.3% in thee mot recent survey. Likewise the fiscal deficit has been revised from 1.9% of the GDP in the previous estimate to 3% of the GDP.

Finally, the Bloomberg survey indicates that there will be 0.7% GDP deficit in the trade balance of 2015, rather than a 0.6% GDP surplus that was estimated previously.

International
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Helios Kiosk