BoG revises growth forecast down to 3.2 pct amid growing uncertainty

EconomyMacroeconomy Tags: BoG, GDP, NPLs
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

The uncertain times across the global economy were captured in the latest monetary policy report by the Bank of Greece, which revised down its Greek growth forecast to 3.2 pct for 2022, from the 3.8 pct expected in April.

The BoG forecasts reflect higher uncertainty, weaker growth and a rise in inflation as the impact of the Ukraine conflict becomes more lasting and costs and prices rise in general. 

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