Steady progress for Greece

January 2008
Market: Europe;Jan2008, Vol. 19 Issue 1, p3
The article presents an economic outlook for Greece in 2008. The December 2007 report published by the Organization for Economic Cooperation and Development (OECD) cited the impact of forest fires and decline of sustainable housing investment. However, Greece is enjoying steady growth due to strong private consumption, which is expected to expand to 3.0% according to the OECD. Moreover, the International Monetary Fund (IMF) estimates GDP growth to decline to 3.6% in 2008.


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