Draft Budget Sees 0.6% GDP Growth in 2014
Tuesday, 08 October 2013
Greece’s draft budget for next year sees an end to six years of recession, setting economic growth at 0.6%, Reuters reported.
According to the draft budget, the economic rebound will come on the back of a rise in investment and exports including tourism, the news agency wrote.
The government has forecast a primary budget surplus of 1.6% of national output next year after posting a surplus of 340 million euro this year.
The 2014 draft budget targets a general government deficit of 2.4% of gross domestic product (GDP) next year, with unemployment dropping to 26%. Debt is expected to edge down to 174.5% of GDP next year.