IOBE report on the Greek economy: Growth at 3.5-4% for this year

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Inflation according to IOBE is estimated to average in 2022, in the range of 9% to 9.6%, while the forecast for the average unemployment rate in 2022 has been revised upwards, in the range of 12%-12.4 %.

THE Greek economy will grow this year at a pace in the region 3.5-4% appreciate it IOVE in the quarterly exhibition of the IOBE.

Inflation according to IOBE is estimated to average in 2022, in the range of 9% to 9.6%, while the forecast for the average unemployment rate in 2022 has been revised upwards, in the range of 12%-12.4 %.

As he also mentioned, during the presentation of the Report, the General Director of IOBE, Professor Nikos Vettas, this year, the real growth rates are expected to be strong, despite the very high inflation, while in order to maintain the growth rates at a high level, it is crucial to systematically increase the investments and exports.

Although almost all economies are affected, ours is at a critical point. At the exit from the enhanced supervision, with the recovery of investment grade as a key intermediate goal, it is trying to put itself on a path of systematic development, pointed out Mr. Vettas.

Economies such as ours, with chronic structural lags, cannot deal with the problem of inflation mainly with subsidy policies. While measures to support vulnerable households and policies to adjust regulation in key markets are necessary, there is an urgent need to support production, with simplification of procedures and rules and reforms to increase competition in product markets, Mr. Vettas said.

The window of opportunity that is being cleared for the next two or three years can be used for the necessary modernization of the state and business. If that happens, funding will then not be a problem and growth will be strong, he also added.

RES-MPE

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