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Greece’s economy to exit recession only by 2014

WASHINGTON — Greece’s economy is expected to exit recession only by 2014, the International Monetary Fund said Thursday after announcing a new bailout loan for the heavily indebted country. The IMF projected the Greek economy would shrink about 4.8 percent this year, followed by zero growth in 2013 and a…

Greek economy in dire shape ahead of confidence vote

The Greek economy shrank 5.2 percent in the third quarter, official figures showed on Tuesday, highlighting the depths of the crisis as parliament debates approval of a new government to enact a debt rescue. Athens is racing against time to adopt deeply unpopular reforms demanded by its European and IMF…