Greece Focus Notes
03 Ιουνίου 2022
Δρ Τάσος Αναστασάτος, Επικεφαλής Οικονομολόγος Ομίλου Eurobank
Τhis study presents two scenaria for 2022 real GDP growth in Greece. The war in Ukraine negatively affects short- and medium-term prospects by causing disturbances in supply chains and global trade, increase in uncertainty and energy prices. It will likely cause a deceleration of growth in the short term and an increase in inflation. Yet, the Greek economy has a number of counterweights, including an expected strong tourism season, availability of ca €90bn of RRF, MFF and EIB funds and a comfortable liquidity position of both the State and the private sector. Realization of the Greek economy’s potential in the longer term is still feasible; it will require adherence to structural reforms and fiscal stability.
