Staikouras: 2022 will be a record year for foreign direct investment and exports

“2022 will be a historic record year both for foreign direct investment in Greece and for exports,” the Minister of Finance pointed out on Tuesday Christos Staikouras, during his speech at the “Navtemporiki” conference entitled “Greek Economy & Entrepreneurship: Challenges and opportunities in an unpredictable future!”, referring to the performance of the Greek economy which proves that together entrepreneurship and the State manage to a satisfactory degree to limit the unprecedented challenges.

According to the minister, “the country has had challenges and opportunities in the past, it has today and will face challenges and opportunities in the future as well. The issue is how entrepreneurship and the economic system work together to seize the opportunities and limit the challenges as much as possible.” He added that “we also had opportunities in the past with a favorable European environment, but then for four years we had approximately zero rates of economic growth”.

As Mr. Staikouras said, in the last four years the country has been called to face “new challenges, external, unprecedented”. Stating that “the issue is how we as a country took advantage of the opportunities that existed during this period to limit the challenges. Through the data it is proven that together entrepreneurship and the State we managed at least satisfactorily”.

He also said that “a key issue in the exercise of economic policy is for the country to achieve high rates of economic growth. We have done better than the European average”. And he quoted the forecasts of the European Commission, saying that “according to the Commission, Greece will have twice the economic growth rate this year than the average European average and next year, a more difficult year for Europe, Greece will have three times the rate of economic growth . That is, every year we are doing better and better than the European average. This is an element of collective success.”

The Minister of Finance also stated that “a requirement of entrepreneurship is for this development to be sustainable. Key components of the country’s wealth such as investment and exports should grow at a faster rate than consumption. And here we succeed at least satisfactorily.”

Finally, he underlined that “2022 will be the year historical record for foreign direct investment in Greece, as well as for exports. According to the Commission, Greece will be the champion among all the countries of the European Union in the period 2022-2024 in terms of investment growth rate”. While, in terms of export activity, he noted that “we have come to have exports as a percentage of GDP at around 41%, passing countries such as Italy, France and Spain and approaching countries such as Portugal”.

RES-EMP

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