Morgan Stanley estimates that Greece’s economic growth will slow from 1.3pct in the second quarter to 0.4pct in the third quarter, negatively impacted by the natural disasters sustained by the country, but that it will still post overall growth of 2.3pct for 2023.
Stanley also sees Greece maintaining growth rates of 2.4pct for 2024-2025, with the budget deficit falling from 2.2pct thi year to 1.2pct by 2024. Thus, debt will steadily fall from 160.5pct of GDP to 153pct and then 147.9pct, according to reports at OT.gr.
The investment bank previously projected that Greek economic growth will outperform the rest of the Eurozone and remain at about pct the next two years, boosted by recovery funds, consumption and investments.
The Hellenic Statistical Authority (ELSTAT) will announce official numbers on Wednesday.
Source: tovima.com
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