Greece's inflation stood at 4.9% in May, well above the EU average of 3.3% and the Eurozone rate of 3.2%, highlighting stronger price pressures.

ING projects the Greek economy will hit 1.6% in 2026 and 2027, increasing to 1.7% in 2028, with the GDP settling at 0.3% for 2026.

The country has recorded the sharpest decline in debt-to-GDP ratio across the euro area, driven by strong growth, primary surpluses and early repayments.

Greece’s debt is set to fall sharply while Italy’s rises slightly, marking a historic shift after years in which Athens held the highest debt burden in the euro area.

Consumer prices accelerated in March across Europe, driven largely by a rebound in energy costs, as geopolitical tensions add pressure to already uncertain economic conditions.

Across the eurozone, annual inflation is expected to settle at 1.7% in January, down from 2.0% in December.

Among EU member states for which data are available for the fourth quarter of 2025, Lithuania recorded the strongest quarterly growth, with GDP rising by 1.7% compared with the previous quarter.

Across the European Union, Cyprus posted the lowest inflation at just 0.1%, while France recorded 0.7%, Italy 1.2%, and Finland 1.8%.

Greece’s economic momentum will be driven by rising investment, resilient consumer activity, a robust labor market that continues to bolster real incomes, and strong tourism flows.

Among member states, the highest debt-to-GDP ratios at the end of Q2 2025 were recorded in Greece (151.2%).

Labor costs are driven by two main components: wages and salaries, and non-wage expenses such as social contributions

The European Central Bank left its key interest rate at 2% and is expected to maintain that stance next month before reopening talks on possible cuts in the autumn.

Meanwhile, Greece's booming tourism industry—surging since last year and maintaining high levels this season—has added upward pressure on prices, especially in the services sector.

The final approval process is now in the hands of EU finance ministers

The European Stability Mechanism (ESM) has sounded the alarm on growth prospects in the eurozone, including Greece, in a report warning that GDP growth could fall to just 0.5% by 2029 from 1.3% in 2023—unless labor productivity improves significantly. Regarding Greece and other peripheral countries in the eurozone, the study notes that in the case […]

The investment recovery and reform momentum are expected to continue driving Greece’s growth through 2025 and 2026.

Year-on-year growth was positive in eleven member states, while three saw contractions.

Compared to February, inflation decreased in 16 member states, remained unchanged in one, and rose in ten.

The Bank of Greece has raised its inflation forecast for 2024 to 2.9%, up from a previous estimate of 2.5%, suggesting that price pressures will remain higher than initially anticipated.