Post by EconomyRaft on Sept 13, 2013 7:26:59 GMT
So How is Greece doing now? The initial prediction of Greece's GDP was to decline 4.2% in 2013, so is it good news if the revised GDP growth is upgraded to a decline of 3.8%?
Greece expects economy to shrink 3.8 percent in 2013: report
Well, yes, tourism seems to be Greece's best bet for clibing out of the crisis, since the number of tourist arrivals to Greece is growing in fast pace.
In a sign the long slump may be easing, the economy contracted 3.8 percent in the second quarter of this year, helped by tourism, in the narrowest annual decline in nearly three years.
Greece expects economy to shrink 3.8 percent in 2013: report
Well, yes, tourism seems to be Greece's best bet for clibing out of the crisis, since the number of tourist arrivals to Greece is growing in fast pace.