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Tuesday, May 5, 2015

Greece economy suffers sharp downturn, says EU

Brussels (AFP) - Greece's economy suffered an alarming slump in the first three months of 2015, the European Commission said on Tuesday, in a dangerous development as Athens continues to battle its EU-IMF creditors.In its Spring forecasts, the EU executive slashed its overall 2015 growth forecast for Greece to 0.5 percent, a huge reduction from its earlier prediction of 2.5 percent.Join the conversation about this story »


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