BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct

Economy Tags: BoG, Cost of living, Debt, GDP
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

In the governor’s annual report released on Thursday, the Bank of Greece (BoG) assesses the impact of the Ukraine conflict on Greek macro data, with the baseline scenario of growth now lower by one percentage point and inflation notably higher. 

BoG presents two scenarios. The baseline sees growth of 3.8 pct, from 4.8 pct previously. The adverse scenario depends on the duration and extent of the conflict and its impact on energy and food prices. In this case, growth will be even lower, at 2.8 pct.

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