
The assessment that the growth of the Greek economy in 2022 will probably exceed forecasts, due to the better performance of tourism, was expressed by the economic advisor of Prime Minister Kyriakos Mitsotakis, Alexis Patelis.
In an interview with BloombergTV, Mr. Patelis pointed out that the government’s forecast for the growth rate is always a bit conservative, however “we think it will eventually exceed our official forecast for 2022”, since as he said in some areas tourism exceeds 2019 levels.
Today 9:40 CET @business pic.twitter.com/JKdcGfLBPb
— Alex Patelis (@PatelisAlex) August 19, 2022
The Prime Minister’s economic adviser emphasized that Greece’s target for the primary deficit of 2022 is approximately 2% of GDP, while he expressed the opinion that “it is very important for Greece to maintain its credibility.
Referring to the possibility of fiscal support measures, Mr. Patelis noted that they should be measured, targeted and proportional and – as he said – the Prime Minister will make announcements at the beginning of September.
According to him, Greece is sticking to its goal of regaining investment grade in 2023, while he added that tax revenues in the country are currently “progressing much better than expected.”
“One of Greece’s strongest points is its political stability. We have fought populism, we have a one-party majority government and we believe that this will remain after next year’s elections,” he added.


Latest News

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)

Santorini Safe and Ready for a Dynamic Tourism Season
Authenticity, cultural heritage, and genuine experiences at the center of Santorini's new promotional campaign

Electricity Bills: Greece Announces Reduced Tariffs Schedule
Greece will now offer lower electricity rates between 11:00-15:00 and 02:00-04:00

Chevron Confirms Eyeing Natural Gas Exploration South of Crete
Chevron recently declared its intent to explore a third area, south of the Peloponnese.

Evangelos Marinakis: A time of change from which shipping can benefit
Speaking at the 19th Annual Capital Link International Shipping Forum Evangelos Marinakis stressed the challenges that shipping faces today