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Greek economy to shrink 4.6 pct in 2013-think tank
January 10, 2013 / 11:45 AM / in 5 years

Greek economy to shrink 4.6 pct in 2013-think tank

ATHENS, Jan 10 (Reuters) - Greece’s economy is expected to shrink by 4.6 percent this year, the Athens-based IOBE think-tank said on Thursday, slightly worse than the recession estimate from the government and the country’s international lenders.

“The forecast is slightly worse than the government’s prediction of a 4.5 percent GDP decline,” the think-tank said in its report.

The European Union and the International Monetary Fund bailing out the country expect the economy to contract 4.2 percent in 2013.

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