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Economy

OECD: Four Actions to Support Greece’s Economic Recovery

ATHENS — The Organisation for Economic Cooperation and Development (OECD) is proposing four actions to support Greece's economic recovery, both due to the ongoing pandemic crisis and the global financial crisis.

The presentation of the study of the Organisation for Economic Cooperation and Development (OECD) for the new programming period of the NSRF 2021-2027 entitled: "Regional Policy of Greece after 2020", will be made on Thursday (12:30 to 13:30) in an online event, in the presence of the Deputy Development and Investment Minister, Giannis Tsakiris and the Secretary General of Public Investments and NSRF, Dimitris Skalkou. The presentation will be made through the OECD online platform, in both English and Greek.

According to the main conclusions of the study, Greece is facing new development priorities. From promoting digitisation and improving business ecosystems to tackling environmental challenges. At the same time, these new priorities must address existing social challenges and alleviate growing inequalities.

Τhe study noted that the current COVID-19 pandemic is slowing the recovery and putting the Greek economy back in danger. While the medium and long-term effects of the pandemic remain uncertain, the Greek government should coordinate policy action at local, regional and national levels to minimise job losses and business closures in the short and medium term.

According to the main conclusions of the study: "Based on estimates, with an annual growth rate of about 2 pct, Greece will return to the pre-crisis levels in 15 years."

In order to support Greece's economic recovery from the global financial crisis and the ongoing crisis of the COVID-19 pandemic, this study identifies specific actions in key areas:

– Strengthening Regional Policies

– Boosting productivity, competitiveness and job creation in all regions

– Promoting quality employment and social inclusion in all regions

– Enhancing connectivity and sustainable development in all regions

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