Recovery of the Greek Economy slide image

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 4
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