The international market has started ‘betting’ on the recovery of the Greek economy with the Recovery Fund as the main lever, ANA reports.
This was confirmed by Prime Minister Kyriakos Mitsotakis, emphasizing that the National Recovery Plan has the potential to add another 7 points to GDP over a period of six years and above the normal growth of the Greek economy and to create an additional 200,000 jobs.
The market confirmed the importance of the Recovery Plan and that it will be an important catalyst for the course of the Stock Exchange, recording new highs of 52 weeks.
DBRS rating agency confirmed the significance that investors attribute to the Greek Recovery Plan, stressing that the EU Recovery Fund is a great opportunity for Greece to proceed with additional reforms in order to invest in the future and see its economy grow in the medium term. The imposition of restrictive measures may be of particular concern, but several analysts estimate that the consequences of the pandemic for Greece will be smaller than in other European economies.
Specifically, Morgan Stanley reported that the effects of the pandemic within a 5-year period will be much smaller compared to other Eurozone countries.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
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