
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

WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region

Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)

Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.

Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.

Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread

Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion

Increase in Both Museum Visits, Revenues for 2024
As expected, the Acropolis was the top archeological site in the country, followed by Sounion, Mycenae, the ancient theater of Epidaurus, and Vergina in northern Greece

Where Greece’s Tourists Come From: A Look at 2025’s Top Visitor Markets
The United Kingdom continues to hold the top spot as the largest source of incoming tourism, with 5.6 million seats booked for Greece this summer — up 2.2% from last year. This accounts for 20% of all international air traffic to Greece