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Monday, October 7, 2013

Greece sees light at the end of the long dark tunnel.

 Greece's government has forecast that the economy will rebound to grow by 0.6% in 2014 vs a contraction of 4% in 2013, boosted by a recovery in investment, exports and tourism. Athens also expects a small primary budget surplus this year and one of 1.6% of GDP next year. Greece even hopes it can return to bond markets in H2 2014. If the growth prediction is correct, Greece would emerge from six years of deep recession.

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