Scope rating on Monday forecast Greece’s GDP growth rate for 2021-22 to exceed 6 percent, on the back of better-than-expected results for Q2 2021 and monthly performances during the year.

The positive quarterly performances come after five consecutive quarters of recession due to the Covid-19 pandemic.

The mini boon for the still pandemic-battered Greek economy is fueled by a surge in private sector consumption, higher investments and exports. Additionally, the all-important tourism sector appears to have met or exceeded targets for Q3 2021

Conversely, the Wood ratings firm foresees GDP growth of 6.5 percent for this year and 4 percent for next year, compared to Germany-based Scope’s forecast of 8.6 percent for Greek GDP growth in 2021 and 3.5 percent for 2022, respectively.

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