Breaking News, World News and Taiwan News.

Output down 20.1 percent: Bank of Greece governor

AP
February 26, 2013, 12:15 am TWN

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

ATHENS--The recession in Greece has cut output by 20.1 percent between 2008 and 2012, but the country's economy is “clearly improving” after avoiding the dangers of a default and euro exit, the governor of the Bank of Greece said Monday.

European Central Bank governing council member George Provopoulos said Greece's economy would remain stuck in recession in 2013, with unemployment expected to continue rising this year.

Greece's annual gross domestic product is set to contract by 4.5 percent this year, the report said, compared with the prediction made in the 2013 budget of a 3.8-percent output loss.

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

	PREVIOUS ARTICLE
	Italy's left poised to win vote, anti-austerity party to make gains: exit polls

NEXT ARTICLE
Leader forming gov't in Cyprus to ensure bailout

Sponsors
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	EyewearCanada.com offers prescription glasses from $5.95. 100% Satisfaction guaranteed.
▪	Myreviewsnow.net offer you the power of making informed purchases before you buy, with product reviews and online consumer myreviewsnow.net.
▪	"Dress First is the leading supplier of all kinds of dresses. You can buy your favorite suknie ślubne here."
▪	Save 75% for all hotels in Shanghai, Beijing and whole China. Lowest rates for Flights in China.
▪	GlobalMarket.com is the largest China suppliers B2B directory can help you find quality made in China products, Promotional Products.
▪	Select hotel by map and save 75% in thousands hotels in Canton, Beijing and 500 cities in China.
▪	Buy cheap eyeglasses online and save up to 80% over regular retail price when you buy prescription eyeglasses at cheapglasses123.com.
▪	The best place to buy custom tailored prom dress for your big day is at JennyJoseph.com