September 17, 2021
Economy

Greek PM says economy to rebound 5.9% this year, outlines tax relief

Greek Prime Minister Kyriakos Mitsotakis attends a swearing-in ceremony of the newly appointed members of the government at the Presidential Palace in Athens, Greece August 31, 2021. REUTERS/Costas Baltas

ATHENS, Sept 11 (Reuters) – Greek Prime Minister Kyriakos Mitsotakis said on Saturday the economy was set to grow by a better-than-expected 5.9% this year and announced tax cuts and other relief measures to help businesses and households strained by the coronavirus pandemic.

Greece emerged from a decade-long financial crisis in 2018 but saw its economy slump again by 8.2% last year amid restrictions to curb the spread of the COVID-19 pandemic, which also hurt its vital tourism industry.

The government’s medium-term fiscal plan had projected growth of 3.6% for 2021.

“Today we are announcing the revision of the (growth) target for 2021 from 3.6% to 5.9%,” Mitsotakis said in his annual…

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