PBO draws attention to effects of climate crisis on public finances

Economy Tags: Environment, PBO
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The Parliamentary Budget Office (PBO) has published its quarterly report, in which it confirmed that - based on data for the first half of 2023 - the Greek economy is on course to reach its growth outlook, although natural disasters over the recent months have clouded the growth and fiscal outlook.

The PBO notes that inflation figures are on the decline, with HICP down to 3.5 pct in August and core inflation also down to 6 pct, from 7.2 pct in the previous month, though way off the ECB’s targets.

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