The government has made a dynamic start, but a significant acceleration of reforms with the aim of improving the country’s position in the World Bank’s governance indexes – used by credit rating firms – is necessary for the economy to be upgraded back to investment grade, the Bank of Greece governor Yannis Stournaras said on Friday, according to ANA.
Addressing a conference held by the Independent Authority of Public Contracts, the central banker said that the Greek economy will grow by 2.4 pct in 2020 (from a 2.8 pct growth rate envisaged in the state budget). Commenting on the 2020 budget, Stournaras said that the government adopted a fiscally neutral growth policy mix, emphasizing a reduction of tax rates and a broadening of the tax base by promoting e-transactions.
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