The approval of the National Recovery and Resilience Plan “Greece 2.0” is characterized as a “particularly positive” developmen tin the July financial developments bulletin of Piraeus Bank .
As it is pointed out, “according to the EU, the Greek economy is expected to achieve a growth rate of 4.3% in 2021 and 6.0% in 2022 while the IMF makes more modest forecasts for growth of 3.3% in 2021 and 5.4 % in 2022 “, while reference is also made to the international rating agency Fitch, which estimates that the growth rate in 2021 will move to 4.3% and in 2022 will reach 5.3%.
At the forefront of international economic developments, Piraeus notes the ECB’s review of its monetary policy strategy by adopting 2% inflation as a symmetric basis. “The adoption of a loose monetary policy over a longer period of time becomes more likely with the revised strategy taking into account the weakness recorded in structural inflation in the Eurozone economy,” it said.
Finally, it pays close attention to the high level of inflation in the US economy.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
The 12 Tourist Traps to Avoid in the Greek Islands
Visit less popular islands for cheaper prices and fewer crowds
German Min. Lemke: «Climate crisis poses immediate threat to our health; well-being»
Europe recorded more days of “extreme heat stress” (with the ‘feels like’ temperature exceeding 46 degrees Celsius) than ever before
OECD: Major Spike in FDIs in Greece over 2021-23 Period
The international organization calculates an average of 6.7 billion USD in Greece over the 2021-2023 period, up from 4.15 billion USD in 2017-2019
How TikTok Lost the War in Washington
Combination of coordinated efforts by its critics and missteps by the company led to the law forcing a sale or ban of the popular app
Greece in the Top European Destinations for Aussies in 2024
This year 16% of surveyed Australians are planning a trip to Greece
Developing the Blue Carbon Economy in Greece
Can Greece make money by protecting its marine environment?
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
