The article published on Financial Times mentions that Greece will return to positive economic growth this year, after the longest and deepest postwar recession. But, in order to achieve a sustainable recovery more reforms are needed.
According to the article, official estimates show a 0.4-0.6% growth this year, but some analysts expect 0.9-1% due to tourism growth.
However, it is uncertain whether Greece can achieve sustainable growth close to 3%, which is needed to increase the primary surplus at 4.5% of GDP in 2016 and achieve a debt reduction.
“The economy emerging from recession is a very different and healthier being. An annual growth rate of 3% should be sustainable, since we are starting from the lowest base”, Mr. Masourakis, chief economist at Alpha Bank, stated.