SEV says Greek GDP could grow more than 2.0 pct in 2018

Greek economic growth rate could exceed 2.0 pct in 2018 if there are no diversions in the implementation of measures agreed with the country’s creditors and the country achieved a smooth exit from the memorandum, the Hellenic Federation of Enterprises (SEV) said on Thurday.

In its weekly bulletin on economic develoments, SEV added, however, that the country’s European partners and creditors seemed to opt –for the period after the memorandum- for a rather distant approach attitude towards Greece. “Either the country will stand on its own feet through its own funds and policies, or it will be left on its own,” the bulletin noted, adding that the country was at the verge of entering a period of normality from August onwards, without having to adhere to any strict framework of compliance to macro-economic policies and structural reforms “beyond the discipline imposed by markets”.

SEV analysts stressed it was important in the post-memorandum era that economic policy in Greece to counterbalance any possible turbulence from economic and political developments on the country’s investment profile. The Federation reiterated its call for a swift reduction of non-performing loans and supported a proposal by the Bank of Greece for the creation of a “bad bank”.