Clear signs that economy will stabilise after the summer

26 January 2016
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There are clear signs that Greece’s economy will stabilise after the summer, Economy, Development and Tourism Minister George Stathakis said on Monday, speaking at a ceremony for the presentation of the ‘Retail Business’ magazine awards.

“This might not yet be apparent in the retail sector, since demand depends more on the incomes of workers that have, unfortunately, not recovered yet. But a series of indicators show a “turning point” for sectors of the economy, such as industrial production and exports,” he said.

These would soon have a positive impact throughout the economy by increasing employment and consumer incomes, he added, launching Greece into a virtuous cycle of recovery and higher demand.

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