Greece Sees Recovery Coming Next Year

ATHENS (AP) ? Greece expects its economy to grow next year ? at last. In its draft budget presented on Oct. 7, the government forecast the economy would grow 0.6 percent, the first annual improvement after a brutal six years of contraction. This year it is predicted to shrink 4 percent, leaving the economy 25 percent smaller than when it was first hit by the financial crisis in 2008. The government even expects some jobs growth and a continued improvement in public finances through further spending cuts, but without new taxes. Deputy Finance Minister Christos Staikouras cited a rise in investment and exports.

READ THE ORIGINAL POST AT www.thenationalherald.com