Greek economy will grow by 2.5% in 2017

Greek economy

Greek economyGreek economy will grow by 2.5% in 2017, forecast the country’s central bank. However, the bankers set condition that government must end the disputes with creditors in terms of reforms. In 2016 the Greek economy will expand by 0.1%, projected the institution. The reason for the positive development of the economy is the good performance of the country in the third quarter.

According to Greek central bank, the return on the path of sustainable economic growth will convince creditors the country to lower its targets for budget surplus and till 2018 they will expect 2% surplus, instead of initially planned 3.5%.

The institution called for pragmatism and flexibility to be completed the second review of the rescue program as soon as possible.

“Not much time left before the elections in many Eurozone countries”, said the Greek Central Bank in a statement.

The aim of Greece is closing quickly the process of review by the European Central Bank to include Greece in its program of quantitative easing. Thus Greece will once again able to rely on markets for loans.

However, Athens and creditors again exacerbated relations after Prime Minister Alexis Tsipras announced a new social measure to support the most vulnerable pensioners. It reminded forgotten practice of mass distribution of bonuses and troubled institutions so far visible improvement in the situation in the country.

Despite the uncertainty whether the measure is in line with the rescue program signed last summer, the Greek Parliament has already approved the distribution of Christmas benefits for pensioners.

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