Morgan Stanley: Sees investment grade for Greece in 2023


Investment level for Greece in 2023 sees the American investment bank Morgan Stanley.

“We believe that if Greece’s development remains in line with our expectations, its public debt could return to Investment grade “as early as next year,” said Morgan Stanley.

The bank forecasts 3.2% growth this year and 2.5% in 2023. Unemployment will fall further to 13.7% this year and 12.5% ​​in 2023, but inflation will move to 6.3% this year and fall at 1.6% in 2023.

According to Morgan Stanley, Greece is one of the few countries in the Eurozone where its GDP has returned to pre-pandemic levels in 2021, as its economy benefited from the dynamic resumption of tourism in 2021, after being hit by a pandemic. .

According to the American house, the economic recovery was wide in all categories, with private consumption, investment and exports being significantly strengthened last year.

Thus, he expects that the Greek economy will maintain a stable growth momentum this year, continuing to be supported by the upward trends after the re-opening due to the pandemic.

However, due to the sharply rising inflation, he expects that the slowdown in domestic demand will begin in the second half of this year and will continue until 2023.

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