Banner Q3 2021 Greek GDP figures accompanied by successful enhanced supervision review

GDP growth figures for the third quarter of 2021, released by Greece’s statistics authority, confirm a strong economic recovery and make the annual target feasible, Greek FinMin said on Monday after attending a Eurogroup session.

Staikouras said the growth rate for the January-September period exceeded 9.3 percent and noted that the recovery was based on a significant spike in investments and net exports.

“This development, combined with a drop in unemployment and an improvement of disposal incomes, is further proof of the efficiency of the government’s economic policy,” he said.
The good news on the economic front was further buoyed by a positive review of the Greek economy by the Eurogroup, as part of the 12th enhanced supervision report.

Staikouras said Eurogroup counterparts recognized that Athens’ targeted and effective reaction vis-à-vis the repercussions of the public health crisis on households and businesses.

Additionally, progress was ascertained towards the goal of simplifying the licensing process for investments, privatizations, implementing best practices in managing state-run enterprises, improvements in social welfare, public administration, the long-overdue effort to finalize a land registry in the country, as well as tax policy for real estate.