U.S. Secretary of Commerce Wilbur Ross referred to the Greek economy’s impressive return to a path of growth during a speech at an event held in the context of the 21st Annual Capital Link Invest in Greece Forum in New York on Tuesday, ANA reports.
Speaking at the dinner held to present the “2019 Capital Link Hellenic Leadership Award” to prominent investor John Paulson, the U.S. Secretary of Commerce praised the government of Greek Prime Minister Kyriakos Mitsotakis, arguing that its pro-investment policy has significantly contributed to this success. “None of these positive results are a coincidence. Everything reflects the Mitsotakis government’s entrepreneurial policies,” he said.
Concerning GDP growth in Greece, the U.S. Secretary of Commerce said it was moving at 1.8 pct, pointing out that it was one of the best performers in Europe. As for next year, he said that even according to the most conservative International Monetary Fund (IMF) estimates, growth will reach 2.3 pct, noting that this figure is particularly good for European data.
He called this growth performance “impressive”, given that the Greek economy still carries the burden of producing high primary surpluses of 3.5 pct of GDP. In this light, he referred to other EU member-states that are experiencing growth difficulties, in spite of the stimulation of their economies, due to large primary deficits.
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