Georgiadis: From Christmas onwards, the economy will recover slowly “
The government, with effective measures, will face the crisis of imported inflation, said Minister of Development and Investment ‘Adonis Georgiadis, speaking in parliament and expressed the assessment that from holidays, the reverse course of this whole phenomenon will begin, “By the time global demand is met, the Christmas market is over and the economy is slowly recovering.”
As long as, as the Minister pointed out, the predictions of international companies for the great growth of the Greek economy and the great growth in 2021 are confirmed, if necessary, there will be fiscal room for additional support measures.
“The economic measures we have taken so far have an extremely positive footprint and we say to the citizens of Greece that, as we have faced the previous crises that have occurred during our reign, we will now face, logically, cautiously. , wisdom but also with effective measures “Inflation crisis coming from abroad”, declared Mr. Georgiadis.
The minister cited data showing that average inflation in Greece in August was 1.9% to point out that “this is the fourth lowest inflation in the entire European Union” and that “Greece is among the four lowest inflation countries in the EU “and” according to September data, Greece is very likely to be in second best position in the EU “.
“It’s not an endogenous problem. It is not a cartel problem. This is not a problem because of the speculation in Greece. Taking advantage of the international surge in prices, both the General Secretariat for Consumption carries out uninterrupted daily checks – by the thousands every week – and the Competition Commission, last Friday, carried out a surprise raid on all supermarket chains and supermarkets. wholesale chains just to sell, “There is a kind of ‘cartelization’ of the market in some products,” said the Minister of Development and Investments. In the alternative, as he pointed out, the market provision which caps the profit margin that companies can have compared to the profit they had in February 2020 has been kept in force, companies that sell consumer goods base cannot increase their profit more than they did in February 2020. Checks are made, buy and sell invoices are checked and if we find someone who has exceeded that 20%, we can impose fines.
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“We all think that from the holidays the reverse of this whole phenomenon will start, as global demand is now satisfied, the Christmas market is over and the economy is slowly recovering, unless we have very big next turmoil, “said Georgiadis also said and underlined that” if the forecasts of international companies for the great growth of the Greek economy and the great growth in 2021 are confirmed, if necessary – and the decision will be taken by the Prime Minister – there will be budgetary space to give additional measures ”.
“Fortunately, thanks to our collective efforts and the efforts of all Greeks, 2021 is turning out to be one of the best economic years for Greece and perhaps the all-time growth record for the Greek economy” said Adonis Georgiadis.