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IMF says Greek economy to contract by 5.5 pct in 2011

0 Comment(s)Print E-mail Xinhua, September 19, 2011
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The Greek economy may contract by 5.5 percent this year, an IMF official said?in Athens?on Monday, further adding to the burdens to the debt-ridden country's efforts to avert a potentially disastrous default.

"We now think that growth in 2011 might land at something like negative 5.5 percent," said IMF's representative to Greece Bob Traa.

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