29-08-2016 13:53 via news.yahoo.com

Greek economy grows in second quarter but strong rebound elusive

By George Georgiopoulos ATHENS (Reuters) - Greece's economy grew modestly in the second quarter but weak demand and scant investment mean a strong rebound after years of recession remains elusive a year after the country nearly crashed out of the euro. Rating agencies Moody's and S&P are more pessimistic, expecting the economy to shrink 0.7 percent and 1.0 percent respectively.
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