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Greek Prime Minister Alexis Tsipras

Recovery in Greek economy likely in 2016; 2.7% GDP growth in 2017

The ongoing recession in Greek economy after long-lasting uncertainty is projected to end in 2016 and may witness real growth in 2017, according to European Commission (EC). The unsuccessful conclusion of second adjustment program of bailout package continued and worsened the economic recession in the ailing Greece economy further weakened the recovery prospects in the first half of 2015.

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