Economy of Greece
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Foreign agencies and international banks have made a barrage of upward revisions for the growth rate of the Greek economy in order to better capture the stronger-than-expected start of the Greek economy this year, with the recovery rising in the second half, as a result of domestic demand, the start of the Recovery Fund projects, as well as the increase of tourist receipts, while increased sa
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The forecasts of the government's financial staff for the growth rate that the Greek economy will achieve this year are returning back to 4.8%.
Contributing to the change in estimates are the facts that investment rose by more than 8% in the first quarter of the year, exports of goods also rose by more than 8%, and the recession in the first quarter to 2.3%.
Προσλήψεις 42 μονίμων ΠΕ(Πανεπιστημιακής Εκπαίδευσης) στο Υπουργείο Αγροτικής Ανάπτυξης και Τροφίμων
UBS "sees" a strong recovery for Greece, arguing that the situation in the Greek economy will continue to improve.
The investment bank estimates that there will be strong strengthening of the domestic economy both this year and in 2022, moving well above the average level of estimates of international investment houses.
Goldman Sachs estimates that the Greek economy is expected to gain momentum, with a boost from the resources of the Recovery Fund, after the submission of the "Greece 2.0" plan.
As Goldman Sachs points out in a new report entitled "Small economies, old challenges and new opportunities" that the Recovery Fund will lead to an increase in Greek GDP by at least about 7% by 2026.