Greek economy on the road to recovery

Written by on May 6, 2014 in Europe - Comments Off on Greek economy on the road to recovery
View overlooking Greek capital city Athens photo Clive Leviev-Sawyer

The Greek economy is starting to show signs of recovery, boosted by an increase in tourism and the regaining of the markets’ trust, according to the report by the Organisation for Economic Co-operation and Development (OECD) regarding the economic prospects of its country-members.

The country’s economy is expected to start growing around the end of 2014, with the growth rate increasing the following year, since the growth of the international markets and the improved competitiveness will boost exports and investments.

OECD predicts a yearly growth rate of -0.3 per cent for Greece and 1.9 per cent of growth in 2015, while regarding unemployment, it will be 27.1 per cent for 2014 registering a slight drop to 26.7 per cent in 2015.

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(Photo of Athens, Greece: Clive Leviev-Sawyer)

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