Skylakakis on SKAI 100.3: The three reasons why the course of the economy will be better than expected this year

Next month we will have a better picture regarding electricity prices, which will affect inflation and the economy as a whole, Deputy Finance Minister Theodoros Skylakakis said speaking to SKAI 100.3.

He added that the fact that the euro has risen by 10% against the dollar also contributes to this and this will also affect the prices of imported products.

However, he explained that in some products, such as wheat, the prices are 2-3 months behind as there is a time lag in inflation.

The deputy minister noted that this year we will do better than expected for three reasons:

1. tourism is doing very well and there are signs that it will do better than last year
2. there is a big drop in the price of gas combined with the fact that storage remains largely full, while there is a change in the energy mix, for example we have more imports from solar
3. swells the wave of investment. Characteristically, Mr. Skylakakis mentioned that the investments that have been made are only the tip of the iceberg in relation to what is to come

He added that obtaining investment grade will unlock all potential investment from large companies.

On whether we will have achieved investment grade on April 21, he noted that it is difficult for anyone to say that, because we will certainly be in the pre-election period, if the election has not already taken place.

He explained that the rating agencies see Greece much more positively, it is not certain whether this will happen before the elections, but what is certain is that we are heading there.

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