BBC News | Greece recession and debt problems even worse BBC News Greece's draft budget for 2013 has forecast a deeper recession and worse debt problems than previously thought. The economy is now expected to shrink 4.5% next year, instead of 3.8%. Government borrowing is expected to reach 5.2% of economic output ... Euro Chiefs Set to Grant Greece Extension Amid Squabbles Greece revises debt forecasts up in draft budget Debt crisis: Greece debt to GDP to hit 190pc - Live |