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> Economy

FinMin: GDP growth of 0.6%, for the first time in six years

The number will reach 2.9% in 2015

Newsroom April 25 05:19

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The Finance Ministry endorses the announcement released by the European Commission on Friday, stating that Greece is on the road to recovery. In particular, the Finance Ministry’s announcement states: “Greece is now on the road to recover, according to the EU Commission’s statement today, and has managed, these past two years, to do better than expected than the Program. The same will continue from here on out”, concerning the EU Commission’s report on the 4th assessment of the second Memorandum.

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Moreover, the ministry stated that it focuses on predictions that state that “this year, on 2014, for the first time, there will be a GDP growth of 0.6% after six consecutive years of austerity. Next year, in 2015, there will be a 2.9% growth, 2016 at 3.7%! And all of this, of course, means hundreds of thousands of new jobs”.

According to the ministry, “the predictions are very conservative and do not take into account a series of structural changes that have already been made or are taking place at the moment which will improve the economy’s competitiveness. Also, they do not include positive developments in the liquidity sector, or the positive effects of the distribution of the social dividends”.

Finally, the statement concludes, stating that: “Our country is now turning a page and entering the road to recovery. Even the strictest judges officially admit it now, with the most conservative criteria”.

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