Greece is expected to achieve a 0.6% GDP growth in 2014, according to the EU Commission Winter forecast 2014 that was released yesterday.

The Commission outlines that "Recent data support expectations that Greece should return to growth in 2014. Confidence indicators continue to improve, whilst hard data releases suggest the first signs of recovery. Structural reforms undertaken in labour and product markets have underpinned improved competitiveness leading to expectations for strengthened exports and investment."

Olli Rehn, Commission Vice-President for Economic and Monetary Affairs and the Euro said: "Recovery is gaining ground in Europe, following the return to growth in the middle of last year. (…) Rebalancing of the European economy has been progressing and external competitiveness is improving, particularly in the most vulnerable countries…"

See also: Ministry of Finance: Press Release on the Commission Winter forecast 2014 (in Greek)