Clear signs that economy will stabilise after the summer
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.
You may be interested
BBC: The last speakers of Ancient SpartaPanos - Feb 26, 2021
As you enter the mountainous village of Pera Melana in Greece’s southern Peloponnese peninsula, you’re likely to hear the roar of…
Coronavirus Greece: 1,784 new cases, 367 intubated, 39 deathsPanos - Feb 26, 2021
Greece announced today that the new laboratory confirmed cases of the disease recorded in the last 24 hours are 1,784, of…
60% of Greeks say they feel worse due to Covid-19 lockdownPanos - Feb 26, 2021
Greeks say their daily lives have become worse after a year of experiencing the Covid-19 lockdown measures. A survey conducted by Focus…