“The European Commission’s spring forecasts confirm the resilience and dynamism of the Greek economy and highlight the effectiveness of the government’s economic policy.” This was stated by the Minister of Finance Christos Staikouras on the occasion of the publication of these forecasts, adding that he is sure that, despite the great “storms”, the economy can be led to an environment of high and sustainable growth, creating more jobs and strengthening social cohesion.
In particular, the Minister stated the following:
“Today’s forecasts of the European Commission confirm the remarkable resilience shown by the Greek economy during the energy crisis, presenting a stable dynamic. At the same time, they recognize the effectiveness of the government’s economic policy.
In particular, our country, despite the expected losses that exist – as well as the whole of Europe – due to the energy crisis, is estimated to have a growth rate higher than the European average, both for 2022 and 2023. In addition , Greece appears champion in Europe in investments for the three years 2021-2023, with a double-digit increase in investments for 2022. At the same time, unemployment in our country continues to decline in the coming years, after the significant contraction it presented in recent years.
In terms of inflation, it is high, but it is at the level of the European average, with the European Commission emphasizing that the support measures taken by the government, the significant increase of the minimum wage but also the increased savings during pandemic, alleviate the inflationary pressures on disposable household income.
The new crisis we are going through is affecting, but it does not seem to divert our economy. It creates additional difficulties, but will not lead to irreversible situations. It blurs the country’s achievements and auspicious prospects, but does not invalidate its internationally good image. With consistency, determination and confidence in our strengths and a springboard for what we have all achieved together, we continue the demanding, but at the same time upward path that we have set.
“I am convinced that despite the great ‘storms’, we can lead our economy to an environment of high and sustainable growth, the creation of more new jobs and the strengthening of social cohesion.”
Source: AMPE
Source: Capital
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