With days left before Prime Minister Kyriakos Mitsotakis’ keynote speech at the Thessaloniki International Fair and the submission of a supplementary budget, the Ministry of Finance is increasingly convinced that economic growth in 2022 will reach 4% instead of the original estimate of 3.1%.
This is in line with the European Commission’s updated growth estimate in its summer forecast.
The prime minister’s senior economic adviser, Alex Patelis, told Bloomberg TV Friday that growth will exceed initial estimates thanks to better-than-expected tourism revenue figures. Current account data released by the Bank of Greece show record receipts in June, despite the fact that arrivals that month stood at 89% of those of the record – and pre-pandemic – year of 2019.
Government officials are awaiting independent statistics authority ELSTAT’s release of gross domestic product for the second quarter (April-June) on September 7,…
