Joan Hoey, Senior Analyst for Economist Intelligence Unit, forecast that growth for the Greek economy will rise to 1.3% over the next 2 years, while her medium term forecast is 3-3.5%. 

Hoey noted that Greece has managed to achieve and surpass its goals amid painful restructuring and consolidation measures.

The senior analyst underlines that Greece must step up reforms focusing on the labor market.

According to Hoey, exports are the best way to achieve growth. The analyst noted that Greece is currently less competitive compared to other European countries, although the situation is gradually improving.