Trade with Greece
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cy pursued by the Euro zone and the decision to
perform a series of targeted long-term refinancing
operations, which will end in September 2018.
GDP growth is mainly expected to result from the
recovery of investment, as well as from exports.
Domestic demand is predicted to contribute
almost 2.1 percentage points, with private con-
sumption increased by 1.6%, public consumption
reduced by 2% and investment improved by
11.7%. The contribution of the external sector is
again expected to be positive in 2015, as the
exports of goods and services are projected to
increase by 5.2%, while imports are projected to
increase by only 2.2%. The unemployment rate is
expected to fall again, and it is estimated to stand,
on a national accounting basis, at 22.6% of the
labour force in 2015, as compared to 24.8% in
2014. Employment is projected to increase by
2.6%, as a result of the recovery of business
activity and labour reforms. In addition, the
Harmonized Index of Consumer Prices (HICP) is
estimated to increase by 0.3%, while the GDP
”
“
Following six years of recession, the Greek economy
returned to growth in 2014, says the European
Commission in its report.
