EU chops Greece growth forecast amid bailout row
The EU sharply cut the growth forecast for Greece on Thursday
Brussels - Emirates Voice
The EU sharply cut the growth forecast for Greece on Thursday, sparking worries that a long delay in its bailout programme was damaging the economy.
The Greek economy will grow by 2.1 percent in 2017, the European Commission said in its spring economic forecast. This was compared to the prediction of 2.7 percent made in February.
The commission, the EU's executive arm, also slashed the growth forecast for 2018 to 2.5 percent from the earlier prediction of 3.1 percent.
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Paris - Emiratesvoice
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