BoG: Recovery in 2014 and decrease in unemployment in 2015
BoG: Recovery in 2014 and decrease in unemployment in 2015
The annual report on monetary policy to be tabled in parliament today Wednesday, by the Bank of Greece governor George Provopoulos, will include optimistic predictions for halting the economic crisis and improving the economic fundamentals of Greece. BoG predicts further shrinking of the Greek economy this year at about 4.5% of GDP, economic recovery in 2014 and decrease in unemployment from 2015
The annual report on monetary policy to be tabled in parliament today Wednesday, by the Bank of Greece governor George Provopoulos, will include optimistic predictions for halting the economic crisis and improving the economic fundamentals of Greece. BoG predicts further shrinking of the Greek economy this year at about 4.5% of GDP, economic recovery in 2014 and decrease in unemployment from 2015.
The BoG governor notes the situation in Greece has begun to change for the better and the country is on track to build a strong and competitive banking system.
About the growth outlook, he estimates that the recession will be formed this year to around -4.5%, a prediction that incorporates the negative impact from Cyprus estimated between -0.3 and -0.4%. He estimates recovery from 2014.
The BoG governor notes the situation in Greece has begun to change for the better and the country is on track to build a strong and competitive banking system.
About the growth outlook, he estimates that the recession will be formed this year to around -4.5%, a prediction that incorporates the negative impact from Cyprus estimated between -0.3 and -0.4%. He estimates recovery from 2014.
For taxation, Provopoulos suggests broadening the tax base, reducing tax evasion and avoiding additional measures. He considers that the immediate goal should be to reform the tax system in order to reduce the tax burden on taxpayers, which has greatly increased in recent years.
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