Greece raised this Monday its growth forecast for 2022 from 3.1% to 5.3%, mainly due to a “impressive increase” investments and exports, Greek Finance Minister Khristos Staikuras told reporters.
In absolute terms, the Greek Gross Domestic Product (GDP) will exceed this year 200 billion of euros
The minister noted that the country’s economic credibility is increasing following Greece’s withdrawal from enhanced surveillance by European institutions on August 20, stressing that “the goal of reaching investment grade is close”.
The deputy finance minister, Theodoros Skilakakis, stressed that the goal of a Primary deficit of 2% of GDP until 2022 remains unchangedas well as the prediction that the Public debt will fall to lower levels than in 2019when it was located in 180.7% of GDP.
In his appearance before the press, Staikuras also detailed the package of economic measures announced on Saturday by the Prime Minister, Kyriakos Mitsotakis, worth 5.5 billion euros, with which the total number of state interventions to mitigate the consequences of this year’s energy crisis will reach 13.2 billion euros, he specified.
Of these, 10 billion take the form of subsidies for electricity and gas bills for individuals and companies.
Staikuras noted that in the run up to winter, the The heating oil subsidy will be increased from 300 to 350 euroswhile the the number of beneficiaries will also increase to a total of 1.3 million households.
Also Check of 250 euros will be delivered in December to one million pensioners who receive less than 800 euros per month, as well as other vulnerable social groups.
Source: Observadora
