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Economy

Skylakakis: We Expect Significant Economic Recovery Going Forward

ATHENS – "We addressed the pandemic with bravery and the results in the economy are better than expected, so now we are looking forward to a significant [post-pandemic] recovery," Deputy Finance Minister Theodoros Skylakakis said on Tuesday, addressing the 5th Greek-German Economic Forum "Vision of growth – Ιconic investments" organised by the Greek-German Chamber.

Skylakakis said that Greece recorded a smaller recession than that forecast by international organisations, while developments in the labour market were also better than expected. These results, he explained, were based on exports, industrial production, investments and a lower-than-expected reduction in consumption.

These figures create reasonable expectations of a significant post-pandemic recovery that will include the "postponed" consumption by households and investments, Skylakakis said, pointing out the substantial contribution of the economic policy which aims at a change of Greece's production model.

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