European Commission to revise downwards its estimate for Greece's growth rate
The European Commission plans to revise down its growth forecast for Greece this year, its Vice President Valdis Dombrovskis was quoted as saying to German newspaper Handelsblatt.
"In winter we expected growth of 2.5 percent in Greece this year. Our spring forecast for Greece will turn out to be more pessimistic," Dombrovskis said.
According to the newspaper, the Commission had based its winter estimates on expectations that Greece would have successfully concluded its existing economic aid programme.
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