The Bank of Greece (BoG) on Thursday revised, downwards, its forecast for economic growth in the country, pointing to 3.8 percent this year, down from an initial forecast of 4.8 percent.
Additionally, Greece’s central bank raised its forecast for the inflation rate, to 5.2 percent under the base scenario, as listed in its annual report.
The report was presented by BoG Gov. Yannis Stournaras.
Under a worst-case scenario, growth will reach only 2.8 percent in 2022, while the inflation rate will reach 7 percent.
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