Greek economy is about to exit the recession era and enter into a growth trajectory.
According to data released by the Hellenic Statistical Authority for the first quarter of 2014, decline was limited to just 1.1% of GDP in the first quarter of 2014, compared to 6% decline recorded in the same period last year.
This difference of five points is considered promising by the Finance Ministry, because 2013 ended with a 3.9% decline and the target of 0.6% growth for this year (second semester) will be easier to achieve with an improved starting point.
Tourism is considered the key to exit the recession and return to growth by the second quarter of the year. It is already off to a dynamic start, as bookings have increased by 30.1% in the first quarter of the year.