FX Guys

Greek economy to grow 2.2% in 2023, prudence pivotal – cenbank chief

ATHENS (Reuters) – Greece’s economy will grow by 2.2% in 2023, its central bank chief said on Friday, urging the country to stick to the path of reform and fiscal prudence as it enters a period of increased political uncertainty due to elections.

Greece will hold a general election on May 21, weeks before the conservative government’s term ends. But the vote is unlikely to produce a clear winner, setting the stage for protracted political manoeuvring and a runoff vote.

Athens needs to continue with credible policies to shield its economy from risks which include the impact of the energy crisis and a protracted electoral period, Yiannis Stournaras told the central bank’s annual shareholders’ meeting.

“The biggest risk for Greece’s economic prospects in a period of successive crises and increased uncertainty, would be a loss of credibility on the economic policy implemented, which was so hard to regain, and a return…
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