World News

Greece Expects Economic Growth in 2014

Greece's government says it expects its economy to grow next year, after a six-year recession that brought the country to the edge of bankruptcy.

Deputy Finance Minister Christos Staikouras predicted Monday a 0.6 (six-tenths of one percent) economic growth in 2014, along with a slight drop in unemployment.

He said the sacrifices made by the Greek people are starting to show some results.

Greece was especially hard-hit by the global recession in 2008, when its public debt was discovered to be worse than anyone thought.

The country barely avoided bankruptcy when it turned to the European Union and International Monetary Fund for economic bailouts.

Greece had to drastically cut spending and raise taxes as conditions for the loans.

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