(Bloomberg) --
Greece's economic growth accelerated in the third quarter, boosted by a strong tourism season, which saw a return near pre-pandemic levels.
The country's gross domestic product expanded 2.7% in the period, after a revised increase of 2.1% in the previous three months, the country's statistical service said Monday.
Revenue from tourism in Greece in 2021 is expected to reach 60% to 70% of the level seen in 2019, according to Prime Minister Kyriakos Mitsotakis. The nation expects to make up for all the lost ground in 2022 and may even exceed it.
European authorities predict the Greek economy will grow 7.1% this year and 5.2% in 2022, a more optimistic outlook than the government's own 2021 estimate of 6.9%. GDP should return to its pre-pandemic level by the end of next year, according to the government's final budget for 2022.
Read More: Greece Seen Shaking Off Economy's Crisis Losses by End of 2022
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