Financial Times publishes an article on Greek economy

The article focuses on developments in economy filed

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.