Bank of Greece (BoG) governor Yannis Stournaras is on Friday submitting the Report on Monetary Policy to Parliament.
According to the central bank, GDP is forecast to grow by 2.2% in 2023 and 2.7%-3% in 2024, with the assistance of the resources from the Recovery Fund and the NSRF.
In terms of reforms, there is a recommendation to continue the effort in order to improve the competitiveness of the Greek economy. The report also makes special mention of the current account deficit, which has widened.
On the fiscal policy front, the BoG estimates that a prudent policy should continue with the achievement of primary surpluses in the coming years, thus contributing to the de-escalation of public debt, which reached 171.3% of GDP in 2022, remaining the highest within the EU.
