Greece predicted to return to growth next year

<p>Greece’s financial issues could ease in 2014.</p>

Greece could be set to return to growth as soon as next year, it has been forecast.

According to teams from the European Commission (EC), European Central Bank (ECB) and International Monetary Fund (IMF), the country remains on track to achieve its objectives.

It was announced in an IMF statement that Greece's fiscal performance is on track to meet the programme targets set as part of its bailout.

The IMF also pointed out Greece's government has stressed that is committed to "fully implement all agreed fiscal measures for 2013-14 that are not yet in place".

It was highlighted by the body that Greece now boasts inflation well below the euro area average, as well as improved wage flexibility, with this helping to boost hopes of a return to growth in the next 12 months.

The recent bailout of Cyprus had a negative impact on markets all over the world, while the price of gold was also hit by the news the country's government is considering selling off its reserves.

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