September 16, 2022
According to its governor Yannis Stournaras, the Bank of Greece (BoG) will increase its predictions for the growth rate of the Greek economy this year, according to ANA. According to Stournaras, BoG originally expected the GDP to grow by 3.2% in 2022, but he clarified that this prediction was predicated on the assumption that travel receipts would eventually account for 80% of 2019’s receipts.
Greece’s central bank governor issued a warning against exceeding specific fiscal restrictions in light of the government assistance that has already been offered or is being prepared for an upcoming harsh winter season. This is especially important because Greece is aiming for an investment-grade rating. a target he described as “national” and “absolute.” Greece can achieve its objective by 2023, according to the BoG governor, but it must also return to primary surpluses as soon as possible in order to be able to pay the public debt’s interest rates, which come to about 2.2% of GDP.
Source: Tornos News
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
