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13 June, 1997
National Economy and Finance Minister Yannos Papantoniou forecast GDP growth of 3.5 percent for 1997.
He said after a three-hour meeting with Prime Minister Costas Simitis, Development Minister Vasso Papandreou, Finance Undersecretaries George Drys, Christos Pachtas and Nikos Christodoulakis, and Bank of Greece governor Lucas Papademos that positive trends were emerging in key economic indicators.
Mr. Papantoniou said the budget was being strictly adhered to, presenting an "impressive recovery" in public revenues in the past two months, and that inflation was on a "steady decline", while GDP growth this year would be 3.5 percent.
He said there was "absolutely no need for new economic measures, simply strict adherence to the economic policy being exercised", adding that this would ensure "development in 1998 will be very positive for everyone".
Source: Athens News Agency
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