Greek Fin. Min. on Commission forecasts: The Greek economy is growing steadily and strongly

“Today’s forecasts of the European Commission certify that, in the “heart” of the energy crisis and the most intense inflationary pressures of the last decades, the Greek economy is growing steadily and strongly, showing remarkable resilience in the coming years,” Finance Minister Christos Staikouras said in a statement.

As he noted the European Commission estimated that, in 2022, Greece will show a growth rate significantly higher than previous estimates and twice the European average, while for 2023, a year of significant slowdown of the European economy, Greece is predicted to show the third highest growth rate in the eurozone and three times the European average.

Increase in investment

In addition, Greece appears by far to be leading the increase in investments for the three years 2022-2024, with a double-digit increase, in fact – the only country – this year.

Regarding inflation, the Minister of Finance stated that while it is higher than previous estimates, it is lower than several other countries and is projected to be at the level of the European average in the coming years.

Government measures

In addition, he added that “The European Commission points out that the support measures taken by the Government and the significant increase in the minimum wage mitigate the inflationary pressures on the disposable income of households and businesses. Measures that, as the Commission also emphasizes, despite being significantly strengthened compared to the spring forecasts, are part of the country’s fiscal capabilities, thus ensuring fiscal stability and the – much better than the European average – course of improving fiscal sizes.