According to Bank of Greece projections compiled at the beginning of the year and published in February, GDP growth was expected to be around 3.7% this year.
However, the growth rate of the Greek economy will probably be lower, to the extent that the slowdown in world growth and external demand is sharper than initially assumed, rises in oil and food prices steeper and financing costs higher. That having been said, it is still expected that growth will be higher than in the euro area as a whole.