World Economy

Greece Growth to Return

Greece Growth to ReturnGreece Growth to Return

The president of Piraeus Bank Michalis Sallas has estimated that the Greek economy will return to growth in the second half of 2016, provided that the bailout program review is completed and the government pushes forward with its privatization plans and reforms, NewsNow reported. According to Sallas, the main axis of the economic recovery will be an improvement in tourism, expediting the works included in the public investment program, improving liquidity and supporting infrastructure projects. Nevertheless, the bank president expressed  “major surprise” at the “series of statements from foreign analysts that aim to create a negative, recessive environment for the Greek economy in 2016”.