The International Monetary Fund (IMF) has revised its growth forecast for Greece to 2% this year, down from 2.3% in 2024. At the same time, the Washington D.C.-fund retains its forecast for 2026, 2%, in its autumn report.
Additionally, the IMF forecasts that inflation in the east Mediterranean country will increase marginally, to 3.1% this year, before easing to 2.5% in 2026.
The current accounts will remain negative, based on the revised forecast, at -5.8% as a percentage of GDP in 2025, down 5.3% in 2026.
Unemployment is forecast to ease to 9% in 2025 and 8.4% in 2026.
The same report also underlines that while the memorandum bailout era has ended, Greece remains a country that is highly indebted, a factor that influences credit-worthy ratings by international agencies.
The IMF considers Greece in the category of “European debtors”, along with countries such as Cyprus, Ireland, Portugal, and Spain.
Source: tovima.com
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