EC doubles 2023 growth forecast to 2.4 pct, affirms 2.5 pct of GDP primary surplus next year

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Manufacturing grows in May, but at slowest pace in last four months 01/06/2023 - 12:51
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EC doubles 2023 growth forecast to 2.4 pct, affirms 2.5 pct of GDP primary surplus next year

EconomyMacroeconomy 16/05/2023 - 08:52 Tags: Budget, EC, GDP

The European Commission upped its outlook on Greece for this year in its latest forecast published on Monday. It now expects the Greek economy to grow by 2.4 pct in 2023, from 1.2 seen in the previous estimate in February.

Although growth is seen slowing significantly from the 5.9 pct recorded last year, this year’s performance will be supported by both domestic and external demand.

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