According to the Greece central bank chief, “The Greek economy may grow more than expected as tourists return to the country in greater numbers.”
The Greece tourism sector count as the fifth most important sector for generating revenues and jobs. While a cost-of-living crisis means European consumers have cut back on some spending, foreign travel has proven an exception and tourists are flocking to Greece.
An expansion of “3.2% is our baseline scenario at the Bank of Greece, but this is based on the assumption that revenues from travel, from what we call tourism, is going to be 80% of the revenues of 2019,” Yannis Stournaras said in an interview Saturday (July 9). “It seems to be that it is going to be close to 100%. So 3.2% perhaps is on the lower end of the probability distribution.”
