ATHENS, April 7 Reuters Greece39;s economy will grow by 2.2 in 2023, its central bank chief said on Friday, urging the country to stick to the path of reform and fiscal prudence as it enters a period of increased political uncertainty due to elections.
Greece will hold a general election on May 21, weeks before the conservative government39;s term ends. But the vote is unlikely to produce a clear winner, setting the stage for protracted political manoeuvring and a runoff vote.
Athens needs to continue with credible policies to shield its economy from risks which include the impact of the energy crisis and a protracted electoral period, Yiannis Stournaras told the central bank39;s annual shareholders39; meeting.
The biggest risk for Greece39;s economic prospects in a period of successive crises and increased uncertainty, would be a loss of credibility on the economic policy implemented, which was so hard to regain, and a return to the bad practices of the past, Stournaras said.
Greece emerged from international bailouts in 2018, nearly a decade after a debt crisis forced it to seek financial aid from its European peers and the International Monetary Fund in exchange for austerity to stay afloat.
His latest growth projection upwardly revises an earlier central bank estimate for economic expansion of 1.5 this year from 5.9 2022, reflecting Greece39;s fiscal progress.
Stournaras said headline inflation would remain at high levels but was expected to ease to 4.4, and…