Greece approves budget forecasted to end deep recesion this year - Israel News, Ynetnews
 
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Greece approves budget forecasted to end deep recesion this year

Published: 05.09.14, 20:24 / Israel News

ATHENS - Greece's parliament has approved budget plan for 2015-18 as part of the country's international bailout commitments. The plan envisions Greece's recession ending this year but a slow decline in unemployment.

 

Lawmakers voted 150-119 Friday in favor of the plan, which forecast a steady increase in growth, from 0.6 percent this year to 2.9 percent in 2015. But unemployment would only fall below 20 percent in 2016 from around 27 percent now. Unemployment often lags economic growth.

 

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