Alpha Bank’s analysts on Friday forecast that the recession in Greece for 2016 will range from -0.2 to -0.4 percent of GDP, whereas the second half of the year, as expected, will post growth of 0.2 to 0.5 percent.
In its weekly economic bulletin, the Greek lender clarifies that a further improvement in businesses’ expectations will depend on the rapid completion of the second review of the Greek program (third bailout) and the announcement of short-term debt relief measures.
