Nikos Vettas, the director of the Foundation for Economic and Industrial Research (IOBE) in Athens, predicted Greek GDP growth of 2.4 percent for the current year and the following year, 2024, on Thursday.
The initial prediction is comparable to that of the Greek government, which anticipates a 3-percent growth rate for 2024.
Additionally, according to Vettas, the nation's annual inflation rate will be 4.3 percent this year before decreasing to 2.6 percent in 2024. According to the Greek government's draft budget, inflation will be 4% this year and 2.4% in 2024.
Following the escalation of violence in the Middle East and the ongoing Russian invasion of Ukraine, Vettas claimed that the Greek economy is currently experiencing an uncertain mood.
On the other hand, he claimed that it is a good thing that the Greek economy is still expanding more quickly than other European economies.