Thus, Greek 2/8  BIS central bankers' speeches  businesses and households still face overly high borrowing costs, suggesting that the Greek economy has still not fully overcome the crisis. Looking forward, the Bank of Greece expects economic activity to pick up in the medium term.
Growth will be driven by robust export performance, benefiting from continued global expansion and competitiveness gains; solid private consumption growth, supported by rising employment and gradually rising compensation per employee; and increased investment spending, reflecting the realisation of new investment projects, thanks to the gradual improvement in both confidence and financing conditions.