The Bank of Greece projects that the growth rate of potential output ten years from now will be close to 2%. But over the coming years, the Greek economy is expected to grow at rates higher than potential for a number of reasons.
First, private sector savings (including net capital transfers) are unusually high, averaging around 15% of GDP in 2021 from 6% of GDP on average in the five years before the covid-19 pandemic. This is the result of higher precautionary savings, a postponement of consumer and other spending, State aid and moratoria on loan/tax obligations.