The economic growth of Greece is anticipated to stay “strong” and surpass the averages of both the eurozone and the EU for the years 2025 and 2026, as per the autumn economic predictions published by the Commission today.
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Greece’s GDP growth is estimated to be 2.1% in 2024, followed by 2.3% in 2025 and 2.2% in 2026, propelled by the execution of the Recovery and Resilience Plan (RRP). In contrast, the Commission projects a GDP growth of 0.8% for the eurozone and 0.9% for the EU in 2024, with improvements to 1.3% and 1.5% in 2025, and 1.6% and 1.8% in 2026, respectively.
Inflation rates in Greece are expected to be 3% in 2024, gradually dropping to 2.4% in 2025 and 1.9% in 2026. For the eurozone, inflation is forecasted to be 2.4% in 2024, diminishing to 2.1% in 2025 and 1.9% in 2026.
The unemployment rate, currently under 10%, is projected to decrease further, albeit at a slower pace than in prior years.
The overall government deficit is expected to keep declining due to slight increases in expenditure. This, alongside consistent nominal GDP growth, should result in a reduction of public debt to approximately 140% of GDP by 2026. (15/11/2024)
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