The general feeling is that the Greek economy is somehow returning to normal growth rates after the sharp fluctuations and disturbances in the three years 2020-2022 with the pandemic, the energy crisis and the war in Ukraine, stressed today to SKAI 100.3 Francis Koutentakis, head of the Parliamentary Budget Office.

He pointed out that the main source of uncertainty in this period is inflation and its peculiarities.

Asked about it, he said that the effect of the expected recovery of the investment grade is expected to be mainly on economic growth and less on the cost of servicing the debt because it has more or less been repaid in advance.

Greek bond interest rates are relatively low, said Mr Koutentakis.

He added that in the forecasts of the Office – on the assumption that in the third quarter of the year Greece will recover the investment grade – a scenario has been incorporated that says that the lending rate for private investments will be significantly reduced.