The Greek economy is being boosted by the resources of the Recovery Fund and, according to Morgan Stanley, stronger recovery for 2021, however the ambitious scale of the national recovery plan creates risks and risks around resource absorption. As the house notes, during the first half of 2021 in Greece there was a strong increase in economic activity with the support of the tourism product, but also the opening of the economy, a trend that continued and was further strengthened during the third quarter of the year. In this context, Morgan Stanley upgrades its forecasts for Greek GDP to 7.9% this year, while limiting its growth to 2.7% for 2022 and 2023. The contribution of investment is not significant. in the next period, with a boost from NGEU funds.
Read in detail at newmoney.gr
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