OECD: Robust Greek economic growth projected despite headwinds

Greek economic growth will remain robust, with real GDP growth projected at 2.2% in 2023 and 1.9% in 2024, according to the Paris-based Organization for Economic Cooperation and Development (OECD). The OECD's economic outlook survey, released on Wednesday, highlights that economic growth remains strong despite headwinds, with fixed capital investments expected to grow by 8.9% aided by the implementation of the European Recovery and Resilience Fund (RRF).

The survey also notes that in the last quarter of 2022 and early 2023, real consumption continued to grow, reflecting a significant increase in employment. Unemployment is projected to decline from 12.4% last year to 11.2% in 2023 and further to 10.4% in 2024. Private consumption is expected to experience slower growth compared to 2022 (1.7% compared to 8%), primarily due to a decline in households' purchasing power caused...