FinMin on Commission forecasts: The Greek economy is showing resilience

The fact that the Greek economy is showing resilience was stated by the Minister of Finance Christos Staikouras, in a statement regarding the spring forecasts of the Commission.

He said that according to the forecasts, Greece “will show a growth rate higher than the European average, both for 2022 and 2023”, while in terms of inflation “it is high, but it is shaping at the level of the European average “.

In fact, he added that “the new crisis we are going through is affecting, but it does not seem to divert our economy” to add meaningfully that “I am confident that despite the big “storms”, we can lead our economy to an environment of high and sustainable development, the creation of more new jobs and the strengthening of social cohesion “.

The minister’s full statement:

“Today’s forecasts of the European Commission confirm the remarkable resilience shown by the Greek economy during the energy crisis, presenting a stable dynamic.

At the same time, they recognize the effectiveness of the Government’s economic policy.

In particular, our country, despite the expected losses that it suffers – as well as the whole of Europe – due to the energy crisis, is estimated to have a growth rate higher than the European average, both for 2022 and for 2023.

In addition, Greece appears as a champion in Europe in investments for the three years 2021 – 2023, with a double-digit increase in investments for 2022.

At the same time, unemployment in our country continues to decline in the coming years, after the significant decline that has occurred in recent years.

In terms of inflation, it is high, but it is at the level of the European average, with the European Commission emphasizing that the support measures taken by the Government, the significant increase of the minimum wage but also the increased savings during the pandemic alleviate inflationary pressures on household disposable income.

The new crisis we are going through is affecting, but it does not seem to divert our economy. It creates additional difficulties, but will not lead to irreversible situations.

It blurs the country’s achievements and auspicious prospects, but does not invalidate its good image internationally.

With consistency, determination and confidence in our strengths and a springboard for what we have all achieved together, we continue the demanding, but at the same time upward path we have set.

“I am convinced that despite the great ‘storms’, we can lead our economy to an environment of high and sustainable growth, the creation of more new jobs and the strengthening of social cohesion.”