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Greek statistical authority revises up 2014 GDP growth to 0.8 pct

Xinhua, March 13, 2015 Adjust font size:

Greece's GDP growth was revised upwards to 0.8 percent for 2014, Greece's statistical authority (ELSTAT) said on Friday.

Athens and the country's international lenders had initially estimated that Greece would achieve a growth of 0.6 percent in 2014.

On the other hand, the primary budget surplus for 2014 was estimated to be about 0.6 percent, far less than the initial goal of 1.5 percent, according to a close adviser to Greek Finance Minister Yanis Varoufakis.

The revelation was made to Greek media by economist Elena Panaritis, who is participating in the ongoing negotiations of the so-called Brussels Group over the next steps in the implementation of the Feb. 20 Eurogroup deal. Endit