Bank of Greece governor: Economy forecast to grow by 2.2% this year and 3.0% in 2024

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Bank of Greece governor: Economy forecast to grow by 2.2% this year and 3.0% in 2024Stournaras said he expected the inflation rate to fall to 3.8% in 2024 (from 4.3% in 2023 and 9.3% in 2022), reflecting strong inflationary pressures on food prices, non-energy industrial goods and services

The Greek economy is expected to grow by 2.2% this year and by 3.0% in 2024, Bank of Greece governor Yannis Stournaras said on Wednesday, ANA reports.

In comments made to Global Finance magazine, the central banker said he expected the Greek economy to grow by 2.2% this year, due to an expected slow of economic activity in the Eurozone and a milder increase in private consumption. He noted that a 3.0% growth rate in 2024 could be achieved only on condition that the implementation of an investment plan funded by the RRF will proceed as scheduled, that a geopolitical crisis will not deteriorate, and that a stricter monetary policy will not leave any permanent trauma on the economy.

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