“The growth of the Greek economy remains strong at least for 2022,” said Economy Commissioner Paolo Gentiloni during a press conference in Brussels today, presenting the Commission’s autumn economic forecasts.
Asked to comment on the high level of development of the Greek economy, P. Gentiloni replied that it is associated with different factors. He pointed out the very positive outlook for the key elements of demand, mainly private consumption and gross fixed capital formation and underlined the “very good recovery in tourism” which is very important for the Greek economy.
Regarding inflation, he said that its level is very different between member states and according to the Commission’s forecasts, Greece has a lower level of inflation than other countries.
According to the Commission, inflation in Greece is expected to peak in 2022, reaching 1% (compared to 2.4% in the euro area) and is projected to decline to 0.4% in 2023 (compared to 1.4% in the euro area), as well as energy prices are expected to decline gradually.
Source From: Capital