Greece to stay in recession, warns OECD

The Greek economy will stay in recession in 2014 for the seventh consecutive year, according to the OECD.

The Paris-based Organisation of Economic Co-operation and Development (OECD) think-tank forecasts a further 0.4 percent economic slowdown next year in its economic survey of Greece published on the 27 November, lower than the 0.6 percent growth currently projected by the Greek government and its creditors.

ESO: Background information: Greece under fire as creditors lose patience / Greece to push through 2014 budget without creditors' approval http://www.europeansources.info/record/greece-under-fire-as-creditors-lose-patience-greece-to-push-through-2014-budget-without-creditors-approval/

BBC News, 27.11.13: Greek economy to shrink for seventh year, OECD says http://www.bbc.co.uk/news/business-25118477

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