The Bank of Greece sees the country's economy contracting by 4.5% in 2012 and unemployment...

|By:, SA News Editor

The Bank of Greece sees the country's economy contracting by 4.5% in 2012 and unemployment remaining over 19%, but recovery starting in 2013 with GDP shrinking by just 0.5%. Having been far too optimistic about nearly every metric in Greece, the bank believes its positive view is achievable if the government remains determined enough.