It is difficult to predict the rate of deflation and hence its impact on household purchasing power. This is stated in the quarterly magazine of the Center for Planning and Economic Research “Economic Development” on the KEPE website.

The summary notes that the Greek economy is still on a growth trajectory, despite the unfavorable international environment, and shows relatively stronger dynamics than other eurozone countries.

In addition, as already mentioned, the average annual rate of change of the real gross domestic product (GDP) of Greece is projected at 2.2% for 2023.

This forecast is the result of the favorable development of several economic parameters included in the forecast, combined with the already obvious impact that current economic and geopolitical events are having on the course of certain variables on many different fronts. While signs of a slowdown in energy prices seem to dispel some of the more pessimistic scenarios for the European economy at the moment, geopolitical developments continue to pose significant risks.

At the same time, it is difficult to predict the rate at which inflation declines and hence the relative impact on household purchasing power, production costs and interest rates, while in the case of Greece the potential impact of the electoral cycle adds to these uncertainties.

On the contrary, a positive impact on the country’s growth prospects may have a positive outcome in terms of restoring the investment grade of Greek government bonds, and the possibility of continuing the implementation of support measures for the economy may contribute to a more favorable development. the actions of the new NSFR for 2021-2027, as well as the intensification of investments related to energy saving and limiting energy dependence.