The Bank of Greece (BoG) on Friday, in its monthly report on the Greek economy, forecast a slightly upward momentum for GDP growth in 2024 and 2025, although its core projections are unchanged.
According to the BoG, Greece’s economic growth will be boosted by investment, the flow of EU funds and private consumption.
Nevertheless, qualitative forecasts remain unchanged, namely, GDP growth of 2.2% this year, rising to 2.5% in 2025 and slightly leveling off to 2.3% in 2026.
As per inflation, Greece’s central bank expects a continued slowdown this year, with the inflation rate dropping to 3% this year on the back of finally de-escalating food prices, and decreasing non-energy industrial goods and services.
The BoG continued to identify risks vis-à-vis the economy to the possibility of worsening crises in the Mideast and Ukraine, along with uncertainly over energy prices.
Source: tovima.com
Latest News
Trio of Large Greek Isles on CNT’s List for Best Oct. Destinations in Europe
Crete makes it to third place on the list, behind the east Mediterranean island republic of Cyprus and the Med’s biggest island, Sicily
Athens Traffic Ring (Daktylios) to Return Monday
The Hellenic police have announced the details of the traffic restrictions in the center of Athens, which will be reintroduced Monday, October 14
Greek Wine Association Promotes Greek Wine in the UK
At a time when global wine consumption is declining, the value of Greek wine exports to the UK market has more than doubled in the last five years.
Four Corfu Tax Bureau Employees Arrested for Blackmail
A total of five suspects, including a local accountant, face felony charges; similar to recent case in Halkida
New Electronic Gates Launch on Athens Metro Line 3 on Friday
Additionally, 20 automatic ticketing machines at Tram stops towards Piraeus, offering visual guidance in 6 languages are installed.
Greece Readies Hefty Fines for Uninsured Vehicles, Missed Inspections
Those caught in the digital trap will be required to pay the stipulated fines. In cases of non-compliance they will face a doubling of the fines, and vehicles will lose their license plates and registration.
ExxonMobil and HELLENiQ ENERGY Launch Second Phase of Hydrocarbon Exploration Southwest of Crete
It's important to note that the ExxonMobil/HELLENiQ ENERGY consortium had already conducted preliminary 3D geophysical surveys in the area in early 2024.
ELSTAT Reports Inflation at 2.9% in September
These trends are largely attributed to a significant drop in energy prices, despite some fluctuations, along with a softening in food prices.
Baker, Jumper, Hassabis Win 2024 Nobel Prize in Chemistry
The three scientists were awarded for their pioneering work in protein design offering solutions to some of the world’s most pressing challenges.
Rebrain Greece Aiming to Repatriate High-skilled Greeks
Greek Labor Minister says improved salaries and working conditions, and a stronger economy will help attract specialized human resources.