Reuters reports that the Greek economy will approach the pre-crisis figures of 2009
In her impressive financial achievements Greece in recent years, reports the Reuters agency, in today’s article.
2024 will be the year when the Greek economy “will take off”, emphasizes the agency, and adds that the country is on the final stretch for full recovery, after an extremely difficult decade, which all economic indicators show.
The Greek economy is expected to grow by almost 3% this yearapproaching the pre-crisis figures of 2009 and far exceeding the Eurozone average of 0.8%.
Indicative of this significant recovery, according to Reuters, is that the country’s borrowing costs have fallen to levels below those of Italy and that banks rescued during the crisis are set to be fully privatized for the first time in decades. The agency cites, in fact, statements from some of the country’s largest investors, who speak of a “landmark” move that marks a complete return to normalcy.
“The Greek economy is well positioned to benefit from further growth in the future,” Wim-Hein Pals of Dutch asset manager Robeco told Reuters.
Among the economic achievements that the country has achieved in recent years is, according to the agency, that it revived its banking system and relies exclusively on debt markets for its borrowing needs, as well as that in 2022 it repaid the IMF two years earlier than timetable.
Reuters reports that “calm has largely been restored to the country”, with the protesters who once gathered in Syntagma Square now replaced by musicians entertaining tourists under the shade of trees.
Source: Skai
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