The Bank of Greece (BoG) on Friday forecast continued Greek economic growth this year and 2025, followed by slight slowdown in 2026.
The forecasts were listed in the “Note on the Greek Economy” report on the state of the domestic economy.
Specifically, the BoG forecast that last year witnessed GDP growth of 2.4%, and is expected to rise marginally to 2.5% in 2024 and 2025. The figure is forecast to slightly decrease to 2.3% in 2026.
The BoG said private consumption and investments are expected to again fuel GDP growth. At the same time, monetary policy will remain tight over the period, with public investments to significant impact growth due to funding from the EU’s Recovery and Resilience Facility (RRF).
Specifically, private consumption is forecast to by 2.0% on average during next three-year period.
The BoG said exports will continue to grow at a significant rate over the coming years but at a slower pace compared to 2022, due to an expected weakening of economic activity in the euro area and the related competitiveness losses as a result of higher ULCs.
The unemployment rate is expected reach 11.1% in 2023 (the annual average), gradually easing to 8.2% in 2026. This trend reflects the continued recovery of economic activity.
The entire report is here:
Note_on_the_Greek_economy_2024_03_01_final.pdf (bankofgreece.gr)
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Airbnb: Greece’s Short-Term Rentals Dip in March Amid Easter Shift
Data from analytics firm AirDNA shows that average occupancy for short-term rentals dropped to 45% in March, down from 49% the same month last year.
Easter Week in Greece: Holy Friday in Orthodoxy Today
At the Vespers service on Friday evening the image of Christ is removed from the Cross and wrapped in a white cloth
Meloni and Trump Meet in Washington, Vow to Strengthen Western Ties
“I am 100% sure there will be no problems reaching a deal on tariffs with the EU—none whatsoever,” Trump stressed.
ECB Cuts Interest Rates by 25 Basis Points in Expected Move
The ECB’s Governing Council opted to lower the deposit facility rate—the benchmark for signaling monetary policy direction—citing an updated assessment of inflation prospects, the dynamics of underlying inflation, and the strength of monetary policy transmission.
Current Account Deficit Fell by €573.2ml Feb. 2025: BoG
The improvement of Greece’s current account was mainly attributed to a more robust balance of goods and, to a lesser extent, an improved primary income account
Hellenic Food Authority Issues Food Safety Tips for Easter
Food safety tips on how to make sure your lamb has been properly inspected and your eggs stay fresh.
Greek Kiwifruit Exports Smash 200,000-Ton Mark, Setting New Record
According to data by the Association of Greek Fruit, Vegetable and Juice Exporters, Incofruit Hellas, between September 1, 2024, and April 17, 2025, kiwifruit exports increased by 14.2%.
Easter Tourism Boom: Greece Sees 18.3% Surge in Hotel Bookings
Among foreign markets, Israel has emerged as the biggest growth driver, with hotel bookings more than doubling—up 178.5% year-on-year.
Greece to Launch Fast-Track Tender for Offshore Hydrocarbon Exploration
Last week, Papastavrou signed the acceptance of interest for the two Cretan blocks, while similar decisions regarding the two Ionian Sea blocks were signed by his predecessor
American-Hellenic Chamber of Commerce to Open Washington D.C. Branch
AmCham's new office aims aims to deepen U.S.-Greece economic ties and promote investment and innovation between the two countries
![Πλημμύρες: Σημειώθηκαν σε επίπεδα ρεκόρ στην Ευρώπη το 2024 [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/04/FLOOD_HUNGRY-90x90.jpg)
![Airbnb: Πτωτικά κινήθηκε η ζήτηση τον Μάρτιο – Τι δείχνουν τα στοιχεία [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/07/airbnb-gba8e58468_1280-1-90x90.jpg)
![Airbnb: Πτωτικά κινήθηκε η ζήτηση τον Μάρτιο – Τι δείχνουν τα στοιχεία [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/07/airbnb-gba8e58468_1280-1-600x500.jpg)
