ATHENS Jan 30 Greece's economy is expected to
bottom out in 2014 after a six-year recession, but national
output may still suffer a small contraction, Greek think tank
IOBE said on Thursday taking a less optimistic view than the
government and its international lenders.
Athens projects the 183 billion euro economy, which has
shrunk by almost a quarter during the protracted slump, will
pull out of recession and grow by 0.6 percent this year.
"While a point of balance has been achieved without stronger
investment and implementation of structural reforms, this could
prove fragile at a fiscal and political level," IOBE said in its
quarterly report without providing detailed estimates.
The Athens-based think tank projected the country's
unemployment rate would drop to 26 percent this year from an
estimated 27.3 percent in 2013, helped by a rise in exports and
stronger investment activity.