positive n economic developmentbut holiday is not needed, as many structural issues remain, which, combined with the poor outlook in Europe, are causing uncertainty. Such was the result of the gentleman’s discussion. Tassos Giannitsi, Nikos Wetta as well as Fokion Karavia on the macroeconomic foundations of development within the framework of the Circle of Ideas conference held at the Karavella Hotel.

As a former minister said, Thassos Giannitsis“no need for anthems because the whole picture is important, as at the same time inflation is approaching 10% and eating away at incomes, and social inequality is increasing, and the balance sheet, despite the increase in exports.”

“Positively, the nominal public debt has decreased, but growth is projected at an average of 1% in the long term, and this complicates the situation in the future,” he said.

According to Mr. Giannitsi, structural problems remain and the country’s production system has not yet matured.

Head of IOBO, Professor Nikos Vettaspointed out that growth will be positive in 2023, but much less than this year, and its dynamics will depend on broader developments in the geopolitical environment.

In a good scenario, according to Mr. Vetta, the results will be positive with certain uncertainties, while in a bad scenario it is better not to think.

For his part, the managing director of Eurobank, Fokion Karaviawas more optimistic about growth next year, although he shared the difficulties that still exist.

He cited the dynamics of investment and the readiness of banks.

He also noted that his funds will contribute to Fund recoverys, which will “work” faster in the next period.

The discussion was moderated by a journalist Irini Chrysoloras.