The Greek economy will grow by 2.2-2.5 pct this year, boosted by larger investment activity, higher credit expansion, tax cuts to enterprises, privatizations and concessions, a new increase in Greek exports (5.5-6.0 pct) and an 1.4 pct recovery in private consumption, the Foundation for Economic and Industrial Research (IOBE) said in its quarterly report on the Greek economy, according to ANA.
It also estimated a further drop in unemployment to 15.5 pct of the workforce.
Significant sectors, such as tourism, continue their positive contribution, while others like construction recovered from a multi-year slump, Vettas said. Exports continue moving higher, he noted, adding that 2021 will be the first year, after a decade, when the Greek economy will be focusing on future challenges instead of problems inherited from the past.
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