
S&P: 2.4 percent growth rate next three years, positive outlook
The report says that upcoming election will be critical in bolstering growth.
Standard & Poor’s is projecting a 2.4 percent growth rate for the Greek economy over the next three years in its report Eurozone Sovereign Rating Trends 2019.
The report said that growth may be greater if there is improvement in the business environment that would attract greater foreign investment.
The report underlines that the positive outlook for Greece is based in part on the predictability of the country’s economic policy and of economic prospects.
Upcoming elections key
The report says that upcoming election will be critical in bolstering growth.
It notes that Greece’s exit from the bailout programmes in August, 2018, before which creditors approved a cash buffer of liquidity and extensions on the servicing of loans, directly impacts on the Eurozone’s credit rating.
The report notes that while the government produced primary surpluses in the 2016-2018 period, policies relating to growth will be key in determining the long-term viability of Greece’s debt.
S&P calls for specific measures to improve the investment environment so as to attract more foreign investment successfully.
It notes that the next election will be an important gauge of authorities’ ability to improve the country’s growth prospects.
- Η Ρωσία καταγγέλλει τις νέες κυρώσεις της ΕΕ που «δεν διαθέτουν νομιμοποίηση από τον ΟΗΕ»
- Πυρηνικά όπλα: Μεγεθύνονται οι επενδύσεις στην παραγωγή τους – Ξεπερνώνται οι ηθικές αναστολές
- G 20: Ο Τραμπ διατηρεί αμφιβολίες για τη συμμετοχή του Πούτιν στη σύνοδο της Φλόριντα
- Περού: Η Lockheed Martin επιβεβαιώνει την αγορά των 12 F-16
- ΗΠΑ: Ο Λευκός Οίκος κατηγορεί την Κίνα για κρυφή και σε μεγάλη κλίμακα αντιγραφή των αμερικανικών εταιρειών ΤΝ
- G20: Η Ρωσία «θα προσκληθεί» στις εργασίες και στη σύνοδο της Φλόριντα