The real gross domestic product of Greece will grow by an annual average rate of 0.5% in 2014, the Centre of Planning and Economic Research (KEPE) said on May 20. In a report, KEPE expects Greece’s economy to revert to growth of 0.09 % in the second quarter, rising to 1.04 % in the July-September period and 1.35% in the last three months of the year. 

"This estimate highlights that 2014 will be a transition year from the long recession that started in 2008 to a state of growth," the report says. "The anticipated beginning of the growth period within the year reflects the considerable progress regarding the balancing of the main fiscal figures, the return to normality in the credit sector, the promotion of significant reforms and the strengthening of competitiveness, which have resulted in an improvement of domestic economic sentiment and the bolstering of the country’s credibility."

See also: KEPE Report [in Greek]