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“Robust” and above the average of the eurozone and the EU remains Greece’s growth momentum in 2025 and 2026

by AI | 15.Nov 2024 | Europe in brief AI

“Robust” and above the eurozone and EU average remains Greece’s growth dynamics in 2025 and 2026, according to the autumn economic forecasts of the Commission released today.

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“Robust” and above the average of the eurozone and the EU remains Greece’s growth momentum in 2025 and 2026, according to the Commission’s autumn economic forecasts released today.

Read also: The budget shows a primary surplus of 13.489 billion euros in the ten-month period this year

Greece’s GDP growth is expected to reach 2.1% in 2024, 2.3% in 2025, and 2.2% in 2026, supported by the implementation of the Recovery and Resilience Plan (RRP). The Commission’s forecast for GDP growth in 2024 in the eurozone is 0.8% and 0.9% in the EU, while for 2025, GDP is expected to accelerate by 1.3% in the eurozone and 1.5% in the EU, and in 2026 by 1.6% and 1.8%, respectively.

Inflation in Greece is expected to stand at 3% in 2024 and is expected to gradually moderate to 2.4% in 2025 and 1.9% in 2026. Inflation in the eurozone in 2024 will be at 2.4% and will moderate to 2.1% in 2025 and 1.9% in 2026.

Unemployment, now below 10%, is expected to continue to decrease, albeit at a slower pace than in the past.

The general government deficit is expected to continue to decrease due to negligible spending increases. Alongside steady nominal GDP growth, this contributes to a steady decline in public debt to GDP close to 140% of GDP by 2026. (15/11/2024)

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