BoG revises 2023 growth to 1.5 pct as short- and medium-term challenges persist

EconomyMacroeconomy Tags: BoG, BOP, GDP, Reforms
Image: MacroPolis
Image: MacroPolis

The Bank of Greece (BoG) has joined the group of organisations that has incorporated the latest global challenges in its forecast for Greece, with growth next year seen declining substantially compared to the 6.2 pct envisaged for 2022.

The BoG notes that the macro environment which has been forming since the conflict in Ukraine and developments on the energy and prices fronts will have counter effects to economic growth and it sees the Greek economy growing by just 1.5 pct in 2023.

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