According to the Commission’s estimates, gross domestic product will increase 4%, significantly higher than the average performance in the EU, but also from the previous estimates of the Commission (3.5%) and by the ministry (3.1%). In 2023, the Commission sees GDP growing 2.4%, from 3.1% previously.
At the same time, though, inflation estimates are moving in the opposite direction. Brussels sees inflation averaging at 8.9% in Greece this year against a previous forecast for 6.3%, while for 2023 it estimates that the harmonized price index will increase again by 3.5%, against 1.9% previously expected.
In its report, the Commission says it expects Greek growth in 2022 to be supported by the Recovery Fund, as well as tourism, which will register a full return to pre-pandemic levels by 2023.
1 comment
According to the Commission’s estimates, gross domestic product will increase 4%, significantly higher than the average performance in the EU, but also from the previous estimates of the Commission (3.5%) and by the ministry (3.1%). In 2023, the Commission sees GDP growing 2.4%, from 3.1% previously.
At the same time, though, inflation estimates are moving in the opposite direction. Brussels sees inflation averaging at 8.9% in Greece this year against a previous forecast for 6.3%, while for 2023 it estimates that the harmonized price index will increase again by 3.5%, against 1.9% previously expected.
In its report, the Commission says it expects Greek growth in 2022 to be supported by the Recovery Fund, as well as tourism, which will register a full return to pre-pandemic levels by 2023.