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EBRD Sees Greek Economy Growing at 2.9% This Year|Investing News


May 10, 2022
tagreuters.com2022newsml LYNXNPEI490EZ12022 05 10T100746Z 1 LYNXNPEI490EZ RTROPTP 3 EMERGING DEVELOPMENT EBRD

ATHENS (Reuters) – Greece’s economy is anticipated to broaden by 2.9% this year with development anticipated to get to 3.5% in 2023, assisted by increased dispensation of funds from the European Union’s Healing and Durability Center, the EBRD forecasted on Tuesday.

The European Bank for Restoration and Advancement stated the war in Ukraine might affect the Greek economy not a lot through direct links however indirectly by means of increased energy expenses offered its high reliance on energy imports.

Other headwinds consist of supply chain disturbances, increasing expenses of funding and potentially lower-than-expected traveler arrivals need to an economic downturn take hold in significant western European nations, the EBRD stated.

Greece’s economy recuperated highly in 2015 as gdp (GDP) grew 8.3% on the back of increased financial investment and usage and a partial healing of the tourist sector.

The EBRD’s financial investments in Greece totaled up to 838 million euros ($ 883.7 million) in 2015, making the nation among its leading 5 financing receivers.

( Reporting by George Georgiopoulos, modifying by Ed Osmond)

Copyright 2022 Thomson Reuters

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