BoG Gov: Greek GDP growth nearly double than forecast for 2022; better prospects than most of EU for 2023

The Bank of Greece (BoG) presented on Wednesday its interim report on monetary policy for 2022, with central banker Yannis Stournaras calling on all political sides to avoid tensions leading up to general elections next year.

He made the statement while presenting the report to Parliament President Costas Tassoulas, adding that the Greek economy’s performance was significantly better than expected, in spite of a difficult international environment due to the war in Ukraine.

He reminded that Greek GDP has surpassed the central bank’s initial forecasts for 2022 by nearly two-fold.

Stournaras also underlined that the primary deficit will be much lower than predicted, whereas GDP growth was forecast to continue – albeit very modestly – in 2023, when most of the EU is forecast to post zero or marginal growth.

Τhe entire report is here: Press Releases (bankofgreece.gr)