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Eurobank report: Greece needs sustainable real GDP growth

Eurobank report: Greece needs sustainable real GDP growth

A challenge for the Greek economy is not only to return to high economic growth rates, in order to cover in a relatively short period of time the loss of income and production of the previous 10 years, but to achieve sustainable real GDP growth rates in the long run, Eurobank said in its weekly economic bulletin.

Eurobank’s analysts said that adverse economic fluctuations (turbulence in demand or offer) were likely to occur in the future, but whether these fluctuations could evolve into a short-term economic cycle or a big recession would depend on the economic fundamentals (competitiveness, extroversion, institution quality, healthy finances, credible economic policy, etc).

The analysts noted there were positive messages from monthly and quarterly economic indexes for the course of real GDP in the third quarter of 2017.

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