Greece’s Economy: GDP Growth and Inflation Projections for 2024-2027

Business 20 December 2024 23:55

Greece’s GDP is projected to grow by 2.3% in 2024, accelerate to 2.5% in 2025, and then gradually decrease to 2.3% in 2026 and 2.0% in 2027, according to the Bank of Greece (BoG), CE Report quotes Athens-Macedonian

Economic growth will primarily be driven by consumption, with investment and exports also making positive contributions. However, the net impact of the external sector on GDP is expected to be slightly negative due to increased imports fueled by strong domestic demand and investment.

Inflation is forecasted to decline to 3.0% in 2024 from 4.2% in 2023, mainly due to easing food prices. By 2026, inflation is expected to approach the ECB’s target of 2%, though it may remain slightly above, with services inflation being more persistent due to rising labor costs. Core inflation is anticipated to drop to 3.5% in 2024 and 3.1% in 2025, reflecting a slowdown in non-energy industrial goods price increases.

Tags

Karadjov Backs PPPs for Infrastructure

16 May 23:45

Deputy Prime Minister and Minister of Transport Grozdan Karadjov is advocating for a new strategy to revive Bulgaria’s stalled infrastructure projects by expanding the use of public-private partnerships (PPPs).

Bulgaria Delays Power Market Reform

16 May 20:30

Bulgaria’s National Assembly has officially postponed the liberalization of the electricity market for household consumers, originally planned for July 1, 2025.

Greece’s Strong Budget Surplus in Early 2025

16 May 19:00

The Bank of Greece announced on Friday that the State Budget’s primary surplus on a cash basis reached nearly 4 billion euros in January-April 2025.

Greece Attracts Strategic Investors

15 May 13:35

Greece is increasingly drawing the interest of global strategic investors, according to Rob Follows, founder and chairman of STS Capital Partners, a global M&A firm with over $100 billion in deals.

Moldova Ratifies EU Reform Facility Deal

14 May 23:45

The Moldovan government has approved a draft law to ratify the facility agreement with the European Union, aimed at implementing support under the EU’s Reform and Growth Facility for Moldova.

Croatia’s Euro Switch Had Minimal Inflation Impact

14 May 19:00

The adoption of the euro in Croatia sparked public concern about inflation, but a new analysis by Bulgaria’s Fiscal Council shows the actual impact was minimal and short-lived.

Greece’s Economy: GDP Growth and Inflation Projections for 2024-2027

Tags

Related articles

Most read

Press Releases

Features