NBG expects economy to jump by 7.5% this year


The National Bank of Greece has revised its projection for the country’s economic growth this year to 7.5%, from 5.7% previously, following the publication of the official data for the second quarter’s expansion by 16.2% year-on-year.

The great summer in terms of tourism has led the NBG analysts to forecast a 12% growth rate in the third quarter, with the October-December period projected to rise 5.5% annually (that would mean a predictable quarterly shrinking of 2.5%).

The Q4 projection even factors in the measures the prime minister announced last Saturday in Thessaloniki, expected to add 0.4 percentage points to the annual growth rate.