The corresponding forecasts by the Greek government are 2.2% for 2024 and 2.3% for 2025
GDP at constant prices reached €196.984 billion in 2023, up from €192.495 billion in 2022, ELSTAT said
Regarding monetary policy, the BoG notes that 2024 will see a marginal expansion as a result of investment spending from available EU funds.
As per inflation, Greece’s central bank expects a continued slowdown this year, with the inflation rate dropping to 3%
Based on the available seasonally adjusted data, the Gross Domestic Product in terms of volume increased by 1.1% in Q2 2024, compared to Q1 2024
In the section about Greece in its “Global Economics & Strategy” report, the firm highlights the primary fiscal surplus in the 2nd half of 2024 exceeded the €1.2 billion target set, reaching €2.9 billion
Annual inflation is expected to reach 3%, up from the previous forecast of 2.8%
Figure still higher than Eurozone average; jobless figure falls to 10.5% in 4Q 2023, according to Hellenic Statistics Authority (EL.STAT)
The central bank forecasts were listed in the "Note on the Greek Economy" report
DBRS on Tuesday revised, downward, its forecast for Greek economic growth in 2024, projecting a rise in GDP by 1.3%, down from a previous 2.2%. The international ratings agency’s forecast for 2025 is 2%. On the “upside”, DBRS said unemployment is expected to decrease below the 10%-threshold in 2024, continuing to fall in 2025 to […]
Another highlight in the state budget is the first, after 14 years, pay hike for civil servants.
Projected consumer prices are forecast to rise by 2.7%