“The Greek economy, in the midst of an unfavorable environment, recovered strongly in 2021, covering almost all of the losses of 2020,” said in a joint statement the Minister of Finance, Christos Staikouras and the Minister of Development and Investment, Adonis Georgiadis after the announcement of ELSTAT that the Greek economy grew by 8.3% last year.
“Today, ELSTAT published the provisional data on the course of the Greek economy. In the 4th quarter of 2021, the country’s GDP increased by 7.7% compared to the corresponding quarter of 2020, resulting in the growth rate of the economy – for the whole year – to be 8.3% “, they state in a relevant announcement and add:” That is, the recovery exceeded all the initial forecasts and is expected – according to the estimates of the European Commission – to be one of the highest in the eurozone .
The positive outlook for the economy is that this recovery is based, among other things, on a significant boost to investment and net exports.
Investments that are estimated to show the 2nd largest increase in the euro area and exports that are at a historically high level.
This development is accompanied by a significant reduction in unemployment and support for the disposable income of citizens, through continuous reductions in taxes and insurance contributions.
The above confirms the correctness of the Government’s economic policy, in the midst of successive external crises, and constitutes a line of defense of society against accuracy.
It is, of course, a fact that all this is “blurred” by the new – global – environment of high uncertainty and insecurity, which erodes the disposable income of citizens and significantly burdens family budgets.
That is why we, citizens and the state, are called to continue to work, fully aware of the above challenges, in order for the present strong recovery to give the baton to high, sustainable and socially equitable development, for the benefit of all – and above all the new generation.
“Our goal is to strengthen the position of the Greek economy among the modern and dynamic economies of Europe and the overall strengthening of the country.”
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
