SEV: Growth rate is not enough for the economy to bounce back

Greek industrialists warn that the country needs a faster growth rate as the current pace of economic expansion is not sufficient for a proper recovery.

In its monthly financial bulletin, the Hellenic Federation of Enterprises (SEV) highlights the country's slow growth rate after the end of the bailout program this summer, stressing that the business environment must improve and investments need to flow in for Greece to enter a robust growth cycle.

"The Greek economy is gradually recovering, mainly as a result of the momentum of exports and the strengthening of private consumption," reads the bulletin, which follows the recent publication of the country's gross domestic product expansion rate of 2.2 percent in the year's third quarter.
Investment in fixed capital, which showed an annual drop of 23.2 percent, is seen as presenting a mixed picture in the July...