Greek gross domestic product to fall in 2016, however by but expected

Greece's economy are the sole one within the European Economic Community to shrink this year, the EU Commission aforesaid on weekday, however the autumn is far smaller than antecedently calculable.

Greek gross domestic product can drop zero.7 % in 2016, whereas the monetary unit zone is anticipated to grow one.7 % and also the 28-country EU alignment can expand by one.9 percent, the EU government aforesaid in its winter economic forecasts.

The Commission has but considerably reviewed upward its previous estimates on the Greek economy each for 2016 and for the past year.

In November, the EU government forecast a one.3 % fall of Greek gross domestic product in 2016 and a one.4 % call 2015. The revised figures show that last year Greek growth was flat last year, and can fall a lot of but antecedently foretold this year.