x

Economy

Staikouras Welcomes OECD’s Positive Forecasts for the Greek Economy

ATHENS — Greek Finance Minister Christos Staikouras on Monday welcomed the forecasts of the Organisation for Economic Cooperation and Development (OECD) about Greece "as another sign of confidence on the government's economic policy and the outlook of the Greek economy".

The FinMin added that the outlook "seemed significantly improved for this year, in comparison with the organisation's previous forecasts, and even more dynamic in 2022". The Paris-based OECD expects the Greek GDP to grow by 3.8 pct this year (up from 3.4 pct in the previous estimate and 0.9 pct six months ago) and to grow by 5 pct in 2022. Staikouras said that that the OECD was added to a long series of institutions, credit rating agencies, banks and analysts, who revised their forecasts on the Greek economy upwards and converge in their estimate that in 2022 Greece will more than cover the losses suffered during the pandemic crisis. The OECD report also envisages a decline in unemployment, higher investments and fiscal adjustment through a rapid recovery and strong economic growth. Staikouras added that the OECD also acknowledged the efficiency of focused measures to support households and enterprises during the pandemic and confirmed that the national recovery and resilience plan "Greece 2.0" included several measures which could act as tools to boost productivity, strengthen environmental sustainability and improve the business climate in the country.

RELATED

ATHENS - The government extended the application deadline for the Power Pass reimbursement program on electricity bills to July 5, government spokesman Yiannis Economou said on Tuesday.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Mission…to Alonnisos, a TNH Documentary

O oceanic you sing and sail White on your body and yellow on your chimeneas For you're tired of the filthy waters of the harbors You who loved the distant Sporades You who lifted the tallest flags You who sail clear through the most dangerous caves Hail to you who let yourself be charmed by the sirens Hail to you for never having been afraid of the Symplegades (Andreas Empeirikos)   What traveler has not been fascinated by the Greek islands, drawn by the Sirens’ song of a traveler’s dreams? TNH and our video show ‘Mission’ marked the change of the season by transporting viewers into the heart of summer.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.