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
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
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.
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-600x400.jpg)
