BoG chief: Speedier reforms will lead the economy to investment grade

The government has made a dynamic start, but a significant acceleration of reforms with the aim of improving the country's position in the World Bank's governance indexes - used by credit rating firms - is necessary for the economy to be upgraded back to investment grade, the Bank of Greece governor Yannis Stournaras said on Friday, according to ANA. Addressing a conference held by the Independent Authority of Public Contracts, the central banker said that the Greek economy will grow by 2.4 pct in 2020 (from a 2.8 pct growth rate envisaged in the state budget). Commenting on the 2020 budget, Stournaras said that the government adopted a fiscally neutral growth policy mix, emphasizing a reduction of tax rates and a broadening of the tax base by promoting e-transactions.  RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Tb095811zhwiki Let's block ads! (Why?)