La Greece see the plus sign again. According to the latest forecasts from Athens, after six years of recession, the GDP it will grow by 0,6% in 2014 and by 2,9% in 2015. The government estimates contained in the State Budget and presented today by Finance Minister Christos Staikouras also speak of a primary surplus beyond forecasts for this year (at 2%) and the next one is still improving (+2,9%). The accounts were approved by the Troika (EU, ECB and IMF).
Growth should be driven in 2015 by private consumption and investments. Liquidity conditions are estimated to improve sharply next year. The unemployment rate will drop from 24,5% in 2014 to 22,5% in 2015. The public finance framework is also expected to show clear progress: the deficit/GDP ratio from 0,8% this year it will drop to 0,2%, while the debt it is forecast at 168% of GDP in 2015.
Between 2008 and 2013, Greece burned about a quarter of its GDP.
At the end of September, the Greek premier Antonis Samaras announced that the country will be able to leave the international financial assistance plan earlier than expected and to independently cater for funding needs next year.
