October 20, 2021

Greece expects economy to grow by 4.5% next year- 2022 draft budget

People make their way in front of the Bank of Greece in Athens June 11, 2014. REUTERS/Yorgos Karahalis

ATHENS, Oct 4 (Reuters) – Greece’s economy is projected to grow by 4.5% next year after a strong rebound this year on stronger tourism, pent-up demand and a boost from state support measures, the government’s draft 2022 budget projected on Monday.

The government recently revised upwards this year’s projected economic growth rate to 6.1% from 5.9%.

“The economy has already recovered more than two-thirds of the lost gross domestic product in one year, even though economic activity still faced restrictive measures in the first half,” Finance Minister Christos Staikouras said.

On Friday Fitch Ratings said Greece’s stronger-than-expected economic performance in the first half led it to upwardly revise its full-year 2021 GDP growth forecast to 6.0%.

Greece’s economy roared back in the second…

Read full article here: www.reuters.com