Home/FX/Newsfeed

Greek Finance Minster Says Economy Moving Slowly Towards Recovery

Share Print 0

The Greek finance minister has said his country’s economy is heading “slowly towards recovery” after it saw growth in the second quarter of the year.

Yannis Stournaras said available evidence suggested Greece will see quarter-on-quarter growth for the first time since its economic crisis began.

But he stopped short of saying Greece was out of its six-year recession.

Mr Stournaras said that, overall, he expected the Greek economy to shrink by up to 3.8% this year.

That is more optimistic than the 4.2% contraction forecast by Greece’s international lenders, and a significant improvement on 2012, when the economy shrank by 6.4%.

via BBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

,
Back to Top