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Greece Expects Growth of 4.5% next Year

Greece's economy is projected to grow by 4.5% next year after a stronger than expected rebound this year on higher tourism revenues, pent-up demand and a boost from state support measures, the government's 2022 final budget projected on Friday.

It said public debt was expected to stand at 189.6% of gross domestic product, while its primary budget deficit was expected at 1.2% of GDP.

Earlier in the week Finance Minister Christos Staikouras revised upwards this year's projected economic growth rate to 7% from 6.1% in October's draft budget.

Reporting by Lefteris Papadimas and Michele Kambas

Source: Reuters

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