BOG governor Stournaras: Greece will achieve a 3.5 pct growth rate over the next decade

Greece will achieve an average growth rate of 3.5 pct in the years 2021 to 2030, said Bank of Greece governor Yannis Stournaras on Tuesday, provided Greece remains committed to structural reforms.

Stournaras addressed the 22nd annual Capital Link Invest in Greece Forum, held online from New York on December 15-16 on the theme “Greece – Looking ahead with confidence”.

He noted that his projected figures were based on the 72 billion euros in financial support that Greece will absorb from the EU’s Structural Funds and Cohesion Funds, and also from the Next Generation EU (NGEU) recovery response plan to the coronavirus crisis.

The proposals included in the EU’s Recovery and Resilience Facility (RRF) plan for Greece are fully aligned with the Bank of Greece’s recent policy proposals, he noted.