The Greek economy is expected to regain its growth momentum in the second half of the year, after a slowdown in the previous quarter, as a result of increased confidence and favorable monetary conditions, a report by the financial analysis department of the National Bank of Greece argues, according to ekathimerini.com
The report points out that after a drop in the growth rate in late 2018 and at the start of 2019, economic activity is set to rebound in July-December, with the main indexes reflecting a trend for strengthening consumption and for increased investments.
However, the NBG report adds that increased exports are making the economy more vulnerable to the slowdown of the European economy.
This, it says, is also reflected in the slowdown of international tourism arrivals over the first four months of the year, on a year-on-year basis.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
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