IMF: the Greek economy will shrink by 6% this year
According to Dow Jones news agency, the International Monetary Fund ( IMF ) expresses 13 days, the Greek economy recession and budget gap are beyond the government had expected, is expected in 2011 the Greek economy may shrink 6%, 5.5% higher than the official budget deficit is expected to account for the expected; ratio of GDP will reach 9%, also higher than the expected value of 8.5% official.
IMF Greek Task Force Director Thomsen warned that, given the Greek have been implemented in many rounds of strict austerity measures, the government has almost no more revenue from tax policy space.
The Greek Finance Ministry announced 13 days to the latest data, due to economic downturn than expected, finance income to glide continuously. In January this year to November, the country's budget deficit over the same period last year 19500000000 euros increased 5.1% to 20500000000 euros, but this figure is lower than the Greek government in 2012 set 21000000000 Euro budget plan target.
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