The Bank of Greece (BoG) will revise its forecasts for the growth rate of the Greek economy upward this year, its governor Yannis Stournaras said on Wednesday during a radio interview, ANA reports.
Stournaras said that BoG’s original forecast was for a GDP rise of 3.2% in 2022, but this he explained was based on the premise that travel receipts would reach 80% of 2019’s receipts.
Looking ahead at the government support already provided or being planned for a difficult winter season ahead, Greece’s central bank governor cautioned against exceeding some fiscal limits, especially as Greece is aiming for an investment-grade ranking. a goal he termed “national” and “absolute”. Greece can reach the goal within 2023, the BoG governor asserted, but it also must return to primary surpluses the soonest as possible in order to be able to pay the interest rates of public debt that amount to nearly 2.2% of GDP.
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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