In terms of Consumer Confidence, households showcased an increase in pessimistic predictions concerning the country's economic climate, while forecasts for their own economic prospects remained stable
This discrepancy occurs because the weighting of olive oil in the consumer price index, as prescribed by Eurostat regulations, is significant due to its historically high consumption by Greek households
The positive balance of expectations for employment witnessed a marginal decline, while the index for production forecasts also recorded a mild drop
The findings in the analysis, entitled “Progressivity in Income Taxation in Greece, 2012-2021", paint a bleak picture for Greeks in the bottom half of the income bracket, warning that income inequality is growing
Annual inflation is expected to reach 3%, up from the previous forecast of 2.8%
Conversely, the growth forecast in 2023 lowered to 2.2% of GDP instead of previously announced 2.4%