Recovery of the Greek Economy
GREEK ECONOMY IS EXPECTED TO STRONGLY REBOUND
Greek economy is expected to grow at high and sustainable rates over the next period, supported by the
investment and structural reforms
Historical
Authorities
Forecasts by:
European Commission
IMF
2019
2020
2021
2022
2021
2022
2021
2022
Real GDP
1.9%
(8.2%)
3.6%
6.2%
4.1%
6.0%
3.3%
5.4%
growth (%)
Unemployment
17.3%
16.3%
16.3%
14.4%
16.3%
16.1%
16.6%
15.2%
(% total labour force)
Inflation (%)
0.5%
(1.3%)
0.0%
0.7%
(0.2%)
0.6%
0.2%
0.8%
Sources: Eurostat (historical figures); Ministry of Finance (Authorities); IMF Article IV 2021 for GDP; April 2021 IMF's World Economic Outlook for inflation and unemployment; European Commission's 2021 Spring Forecasts (European Commission)
The authorities' Greek growth agenda will fully take advantage of the available European funds, so as to accelerate the
transformation of the economy
The consistent implementation of structural reforms - notably in the banking sector - will further enhance Greece growth
potential
The fiscal policy will support the recovery and enhance the competitiveness of the Greek economy, in a disciplined and
sustainable manner
||
RECOVERY OF THE GREEK ECONOMY
4View entire presentation