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GreeceBusinessEconomist Summit: Recovery fund will help avert a recession in Greece, says...

Economist Summit: Recovery fund will help avert a recession in Greece, says Alt. Finance Min. Skylakakis

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The Recovery & Resilience Fund will help ward off a recession in Greece in the next few years, said Greek Alternate Finance Minister Theodoros Skylakakis at the 2nd Annual Economist Thessaloniki Metropolitan Summit, that is being held in the northern Greek city on Friday.

Referring to Greece’s next national elections and the extent to which these might affect the course of the fund’s projects in the country, the minister said that there shouldn’t be a problem – provided that a stable government emerges from said elections.

Also speaking at the summit, Alternate Minister of Development & Investments Nikos Papathanassis noted that Greece’s latest figures from the National Statistics Agency (ELSTAT) show Greece’s national economy as being on an upward trajectory.

ELLAKTOR GROUP Chief Executive Officer Efthymios Bouloutas also pointed out that problems in the supply chain do give rise to inflationary pressures, and that moving away from these will only arrive with high growth rates. But he also noted that these rates are observed all along 2022, as the growth rate is estimated to stand at about 5.5% to 6%.

SOURCE; ANA-MPA

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