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-|| GR for GRowth & V for a V-shaped GRecovery and Victory || GRevolution & GRebirth 2021: Invest in the future by investing in Greece of the post-COVID-19 era ||-
Posted by Christos Gkikas
The world unprecedented recession in 2020 as a result of the global COVID-19 lockdown and the deep impact in Greece’s tourism-dependant economy could be an opportunity for a strong economic GRestart from 2021 onwards.
Due to the protracted postponement of reopening of companies and factories as well as the huge reduction in tourist arrivals the Greek GDP is going to shrink massively during 2020 especially in the summer taking into consideration that the Greek economy will lose at least half of tourism revenues due to coronavirus pandemic. A baseline scenario assumes lockdown measures will stay in effect until mid-May 2020 and be gradually lifted afterwards, including a resumption of tourism. However, after the lift of lockdown measures the tourist industry which produces a direct and indirect contribution of 25% to Greek GDP will be the locomotive of a mighty GRecovery and GDP GRowth rate of about +5% in 2021.
Moreover, it is worth mentioning that new GReat investment opportunities will arise in the post-coronavirus era not only from tourist sector but also from other several economic sectors of the highly-promising Greek market like Greek RES Market (Large-scale Wind and PV projects), Energy Sector, Maritime Sector, Research and new Technologies, Capital Market (via Athens Stock Exchange/ASE), Agricultural Sector, Construction Industry and Logistics.
The lift (asap) of the strict social distancing measures could trigger a V-shaped instead of a U-shaped GRecovery. The economic recovery will also gear up, thanks to the fiscal stimulus and the quick rebound of economic activity.
However, the deeper impact from COVID-19, the more incentives i.e. the more liquidity will be needed for a dynamic turnaround story.
Therefore, 2020 must be a year of action and preparation for revolutionary and radical changes that will lead to a new national GRebirth in 2021!
The countries that will succeed to lift the lockdown before the mid of May will have the ability to obtain a very significant competitive advantage in the new global economical, geopolitical and investment environment. Greece will be among the countries that will get the said competitive advantage. Moreover, the Greek population comes face to face with the need for fundamental changes in the near future so as to be ensured a sustainable and long term economic growth.
National purpose is a GDP Growth rate of over 5% in 2021 after a steep decline of Greece’s GDP in 2020.
-| More and more investors will find a market that looks very promising especially in 2021: G R E E C E |-
<[!]> The new GRevolution of 2021 is on its way <[!]>
<[!]> GR for GRowth and V for a V-shaped GRecovery and Victory <[!]>
Posted in Financial - Macroeconomic - Demographic News, Greek Economy, Greek-English Posts, Initial {Messages, Investment opportunities in Greece
Tags: Agricultural sector, Athens Greece 2020, Capital Market (via Athens Stock Exchange/ASE), Christos Ghikas Financial Analyst, Construction Industry and Logistics, Coronavirus deep impact in Greece, Coronavirus lockdown and Greece, Coronavirus lockdown economic impacts Christos Ghikas, COVID-19, Energy Sector, GR for GRevovery, GR for Growth, GR for Growth and V for a V-shaped GRecovery and Victory, GRebirth 2021, Grecovery, Greece 2020 coronavirus, Greece 2020 COVID-19, Greece and coronavirus, Greece's tourism-dependant, Greek economy 2020, Greek economy 2021, Greek economy and COVID-19, Greek economy and lockdown, Greek population 2021, Greek RES Market (Large-scale Wind and PV projects), GRestart, GRinvestments, GRinvestments 2021, GRowth, Invest in Greece in post-COVID-19 era, Invest in Greece in the post-coronavirus era, Γκίκας Χρήστος Οικονομικός Αναλυτής, Η Ελλάδα την μετά κορωνοϊού εποχή, Η Ελλάδα μετά τον κορωνοϊό, Η Ελληνική οικονομία μετά την εποχή του κορωνοϊού, Οικονομική Ανάπτυξη στην Ελλάδα, Χρήστος Γκίκας, Χρήστος Γκίκας Οικονομικός Αναλυτής, Liquidity, Liquidity Greece 2020, Lockdown due to COVID-19 in Greece, Maritime Sector, post-COVID-19 era and Greece, proGRess, Research and new Technologies, revolutionary and radical changes, steep decline of Greece’s GDP in 2020, upGRade, V for a V-shaped GRecovery, V for Victory, V-shaped GRecovery, V-shaped recovery, V-shaped recovery Greece, V-shaped recovery Greek economy