ATHENS – Greek Finance Minister Christos Staikouras on Tuesday welcomed the release of GDP data which showed a 7% growth rate in the first quarter of 2022.

In a statement, Staikouras said this was a very positive development, which significantly exceeded the European average growth rate and proved that the Greek economy, despite intensifying pressures from the energy crisis and the waves of price increases, maintained a strong dynamism.

The Greek FinMin said it was encouraging that GDP growth was based, among others, on a significant increase in investments and exports. “These performances signalled a dynamic start for GDP in the current year, laying the foundations for achieving stronger-than-expected growth. With consistency, determination and confidence in our powers, we continue the demanding and uphill struggle to lead the economy into an environment of high and sustainable growth, creating more positions of employment and strengthening social cohesion,” Staikouras said.