PBO highlights exceptional factors supporting recovery, cautions against complacency

Economy Tags: GDP, PBO
Photo by MacroPolis
Photo by MacroPolis

The Parliamentary Budget Office (PBO) issued its latest quarterly report on Tuesday, noting the economic recovery but warning against complacency as the factors behind the solid GDP rebound in the second quarter are circumstantial and transitory.

Greeceā€™s annual growth of 16.2 pct in the second quarter was above the eurozone average of 14.3 pct and took that quarter above the 2019 level. There is a further set of encouraging macro data, with unemployment down by 3 percentage points at 14.2 pct, ...

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