Staikouras for autumn forecasts “Commission”: The Greek economy is growing steadily and strongly despite the energy crisis

As a certification of the fact that in the “heart” of the energy crisis and the strongest inflationary pressures of the last decades, the Greek economy is growing steadily and strongly, showing remarkable resilience in the coming years, characterized the Minister of Finance Christos Staikouras them autumn forecasts of the European Commission for Greece.

He stated in his relevant statement that:

“Specifically, the European Commission estimates that in 2022 Greece will show a growth rate significantly higher than previous estimates and twice the European average.

While for 2023, a year of significant slowdown of the European economy, even recession in some countries, Greece is predicted to show the third highest growth rate in the Eurozone and three times the European average.

In addition, Greece appears by far the first in the increase of investments for the three years 2022-2024, with a double-digit increase, in fact – the only country – this year.

As far as inflation is concerned, it is high this year and higher than previous estimates, but it is lower than several other countries and is projected to be at the level of the European average in the coming years.

The European Commission points out that the support measures taken by the government and the significant increase in the minimum wage mitigate the inflationary pressures on the disposable income of households and businesses.

Measures that, as the Commission also emphasizes, despite being significantly strengthened compared to the spring forecasts, are part of the country’s fiscal capabilities, thus ensuring fiscal stability and the – much better than the European average – course of improvement in fiscal sizes.

All of the above confirms the systematic and effective effort made by the government to support citizens against severe and repeated crises, to strengthen the Greek economy and to stimulate employment and social cohesion. An effort that will continue uninterrupted, fully aware of the difficulties and international challenges, which with unity, responsibility and hard work we will manage to overcome.”

RES-EMP

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