Seeking Alpha

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, if not depression. We'll believe it when we see it.
  • ETF: GREK
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Comments (1)
  • User 353732
    , contributor
    Comments (4975) | Send Message
     
    It is now an annual and pathetic ritual for failed economies to forecast that any moment now economic recovery will manifest itself.
    None of the pathologies of the Greek polity or the economy have been addressed; why then would outcomes change?
    Greece is not alone of course; the same tired and implausible propaganda is heard from Japan and Spain and Portugal and Italy.

     

    Neither investors nor citizens pay much heed to these pronouncements.
    7 Oct 2013, 07:00 AM Reply Like
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