athens jan 10 reuters  greece’s economic growth is likely to slow to just 11 this year from a 51 clip in 2022 as soaring energy costs and continued uncertainty about the war in ukraine hurt spending and investment the oecd said on tuesday since the lifting of covid restrictions the greek economy has recovered strongly thanks to betterthanexpected tourism revenues and improving consumer spending and investments the organisation for economic cooperation and development said in a report published on tuesday however surging energy costs supply disruptions and renewed uncertainty mainly from the war in ukraine are sharply slowing the recovery it said the war is directly affecting greece’s energy supply and costs its indirect effects are compressing spending and delaying investment and hiring oecd said inflation driven by rising energy prices hit a 30year high of 12 last summer and is eating away at households income the oecd said funding pouring into the country from the eus recovery and resilience scheme and government support for energy consumers were mitigating the shocks and will help economic recovery resume once the security situation and energy prices stabilise greece which spent about 10 billion euros 1073 billionin power and fuel subsidies to help households and businesses last year is expected to receive about 31 billion euros in loans and subsidies from europes recovery fund by 2026 to make its economy more digitalised and greener the government’s energy support measures have delayed the return of the primary budget surplus to its mediumterm target of 15 to 2 of gdp weighing on greece quickly achieving an investment grade rating the oecd said greece which has emerged from a 10year financial crisis is seen achieving a small primary surplus next year for the first time after three years of deficits that is expected to help the country regain an investment grade rating after more than a decade in the junk category