The Governor of the Bank of Greece set the bar for the growth rate at 3% to 4% within three years, while for this year he estimated that it will reach 3.2%, if the war ends.
The central banker said he was optimistic about the course of the Greek economy, Giannis Stournarastalking to parliamentary authors, on the occasion of its surrender Monetary Policy Report of the BoG.
Mr. Stournaras characterized tourism as a “safety cushion” and estimated that the revenues will exceed those of 2019.
At the same time, the Governor of the Bank of Greece set the bar for the growth rate at 3% to 4% within three years, while for this year he estimated that it will reach 3.2%, if the war ends.
“This is a good scenario,” he said, predicting that “there will be a big boom in the economies after the war.”
The bad scenario, he continued, is that the war and the gas embargo continue. In this scenario, the pace will fall this year, but there will be no recession, he said.
Mr. Stournaras estimated that the central banks will face inflation and predicted that it will return to normal levels.
“We do not think we will enter the inflationary pressures of the 1970s,” he said.
Asked if the course of the economy is shielded, he replied: “We are quite secure, but you can never be 100% sure.”
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