Exports of goods and services, including tourism, fell
by 0.8% in the fourth quarter.
For the full year, the economy grew by 5.9%, non-seasonally
adjusted data showed.
Since the lifting of COVID restrictions last year, the Greek
economy has recovered strongly thanks to robust tourism revenues
and improving consumer spending and investment.
However, soaring energy costs and inflation are seen curbing
spending and investment this year, with the government
projecting growth will slow to about 2.0% in 2023.
"The positive carry over effect for this year will be
higher, to about 1.5%, pointing to a growth of more than 2%,"
National Bank's senior economist Nikos Magginas told Reuters.
Greece emerged in 2018 from a decade-long debt crisis that
had forced it to sign up to three international bailouts. Its
economic performance is pivotal as it aims to return to an
investment grade rating later this year.
2022
KEY FIGURES Q4 Q3 Q2 Q1
GDP (q/q, %) 1.4 0.4* 1.1* 2.2
GDP (y/y, %) 5.2 4.4* 7.3* 7.5*
* revised
source: ELSTAT (Reporting by Lefteris Papadimas and Angeliki Koutantou Editing by Christina Fincher)
Reuters Messaging: lefteris.papadimas.reuters.com@reuters.net))