Surprising performance of Greek economy

Steady recovery: A waiter folds a tablecloth at a seaside restaurant in the eastern suburb of Peraia in Thessaloniki. A cocktail of good performance in tourism industry, positive economic policy and the restart of the housing sector contributed to Greece's positive outcome. — Bloomberg

ATHENS: Despite a raging Covid-19 pandemic fuelled in part by the Omicron variant, the Greek economy’s performance this year has been a surprise for policymakers and analysts, showing signs of a continued recovery.

The state budget which the parliament ratified on Dec 18 foresees a minimum 4.5% growth rate next year after the 6.9% achieved this year, according to the government’s conservative estimates to date.