The Hellenic Fiscal Council (HFISC) foresees economic growth in Greece this year to reach 2.6 percent.
The HFISC, an independent fiscal institution established in 2013 under the second memorandum bailout to submit macroeconomic forecasts related to the Stability Programme, noted that the Greek economy has maintained a significant portion of dynamism carried over from 2022 in the first months of 2023. This dynamism comes despite geopolitical uncertainty due to the ongoing war in Ukraine, high inflation, an energy crisis, and, as a result of the aforementioned, a tight monetary policy by the European Central Bank.
The institution, in its half-year report, foresees economic growth in Greece at 2.8 percent for 2024, riding on the back of a continued flow of investments and high private consumption.
The same report reminds that the annual rate of harmonized inflation in the country increased by 2.8 percent in June 2023, down from 4.1 percent in the preceding month, May 2023.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)
Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.
Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.
Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread
Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion
