eu greece economy in sharp downturn over past 3 months
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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EU: Greece economy in sharp downturn over past 3 months

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Arab Today, arab today EU: Greece economy in sharp downturn over past 3 months

EU
Brussels - Arab Today

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.

 

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