Private investments must grow by 50% in the near future if Greece΄s production potential is to improve, Bank of Greece (BoG) governor Yannis Stournaras said during an event at the Foundation for Economic & Industrial Research (IOBE) on Monday, ANA reported.
Gross capital investments in the private sector dropped in the last decade from 22% of the GDP (2007) to 8% of the GDP (2017), dropping to negative numbers if depreciations are excluded. Net capital investments in businesses amounted to about -4.3 billion euros, or -2.4% of the nominal GDP.
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