The Khronicles

 The Bilingual Community Newspaper

'Η Δίγλωσση Τοπική Εφημερίδα Σας

Τα Χρονικά
    ISSUE NO. 37 MAY 2009 WWW.KO-GO.GR    


The Khronicles

A division of

Ko-Go Επιχειρήσεις

Box 332
Kokkini Hani 71500
Web address: www.ko-go.gr
editor@ko-go.gr
Telephone: 2810-762748
Fax: 2810-762816

Publisher:

Sofia Klidi

Editor:

Lou Duro

Associate Editors:

Tony & Christine Bowes

Web Editor

John McLaren

Contributors/
Columnists:

Renie Spykerman, Petra Karreman, Maria Daskalaki, John McLaren, Bob Bayes, Father Dimitris Mihouthis, Father Leonidas Hatzakis, Vasiliki Alexaki-Hronaki, Michalis Vardakis, Niki Yiamalaki, Dr. Vangelis Athousakis, Nikolaos Papadakis, Spyros Hatzakis, Jasmine Farsarakis

Translations:

Ada Vamvoukaki

Photographer:

Sami Moudavaris

Layout & Design:

George Drakakis

Printed By:

G Detorakis
 
 CENTRAL BANK CUTS
GROWTH FORECAST

 

 Greece’s central bank has cut its forecast for the Greek economy to 0 percent growth this year, from a previous 0.5 percent growth estimate, according to bank officials.

"The forecast was cut to 0 percent, and inflation is now seen at 1.5 percent," said an unidentified banker.  "Greece’s economy, about 2.5 percent of the Euro zone, is slowing sharply after years of 4 percent growth, hit by the global downturn." The European Commission projects Greece’s 250-billion-euro economy will expand by only 0.2 percent this year. The Greek government is more optimistic, projecting a GDP growth rate of 1.1 percent, down from 2.9 percent in 2008.

 

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