EC cuts 2023 growth forecast by more than half to 1 pct

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EC cuts 2023 growth forecast by more than half to 1 pct

EconomyMacroeconomy 14/11/2022 - 10:39 Tags: Budget, Debt, EC, GDP

In the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate.

Greece is expected to grow by 6 pct in 2022 in real terms, up from the 4 pct expected in the previous forecast during the summer as the economy appears to be robust thanks to a buoyant tourism season, private consumption, and investments, even though th...

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