GDP growth in Greece

Greece continues to outpace the EU average in terms of growth rates, despite signs of a slump. The outlook for 2024 and 2025, however, indicates a diminishing expansion in the face of rising national debt.

The corresponding forecasts by the Greek government are 2.2% for 2024 and 2.3% for 2025

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