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GreeceBusinessBank of Greece governor: High growth rates of Greek economy expected in...

Bank of Greece governor: High growth rates of Greek economy expected in coming decade

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Hellenic News of Americahttps://www.hellenicnews.com
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Greece’s economy may return to pre-pandemic levels even before the end of 2021, Bank of Greece Governor Yannis Stournaras said in an interiew published Saturday, while he foresaw high growth rates of 3.5% on average per year in the next decade.

These high rates, he told Ta Nea newspaper, will contribute to reducing the debt-to-GDP ratio: from 200% of the GDP this year, the debt will drop to 187% in 2022.

Stournaras attributed the high growth rates to a combination of strong recovery and infrastructural reforms implemented, which could also allow the European Central Bank to continue buying Greek bonds even after the expiration of the emergency program.

He also said that due to recent government measures that were made possible by higher tax revenues, some 4.4 billion euros will be channeled to the economy in the second half of 2021.

SOURCE: AMNA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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