OECD expects a slowdown in Greece

The Greek economy is set to experience a slowdown in the next six to nine months, according to the projections of the Organization for Economic Cooperation and Development (OECD), which also ranks Greece among the countries with the highest tax loads.

According to a report issued on Tuesday by the organization, the signs for the course of the economy in the coming months are quite discouraging, just as Greece needs its gross domestic product to quickly recover the ground lost in the last decade. The OECD warns that its composite leading indicators that reflect the trends for the next six to nine months point to a slowdown in the economies of Germany, France, Italy and Greece.

Regarding last year, the report recorded a declining trend in the Greek economy that started last May and continued up to November, when the latest estimate was made. The reading of the...