Greece’s economy is expected to grow by approximately 2.1% this year, according to the country’s think-tank IOBE. This forecast represents a significant decrease from the previous projection of 2.4% growth, which was estimated in January. Despite this revision, Greece’s economy is still predicted to expand nearly 3% in size this year, approaching its pre-crisis dimensions in 2009.
The new projection falls below the government’s estimate of a 2.9% growth rate for the year. Nevertheless, key drivers of economic activity in Greece this year are anticipated to be tourism, investment, and private consumption. These factors have contributed significantly to the country’s positive outlook for the future.
In summary, while there may be challenges ahead that could impact Greece’s economic performance, the outlook for its economy remains optimistic with strong growth expected in the near future.