The report suggests Greece’s economic expansion will be fueled primarily by investments, supported by projects financed through the EU Recovery Fund.
The Bank of Greece (BoG) projects the country’s economy will expand at a higher rate this year over the next 3-year period in a report. The BoG believes the GDP acceleration in 20205 will be buttressed by more rating upgrades from international credit agencies. In more detail, the central bank sees the economy growing by […]
Furthermore, it is observed that during the period 2019–2023, the income gap between Greece and Europe widened even more.
Greece’s real GDP in the first nine months of 2024 increased by 2.3% on a year-on-year basis
At the same time, Greece's GDP index for the second quarter of 2024, based on OECD data, was only 85.07 points, placing the country again at the bottom.
As a report by ENYPEKK notes, self-employed professionals in Greece are under severe financial burden due to imputed taxation and yearly hikes in social security contributions
The corresponding forecasts by the Greek government are 2.2% for 2024 and 2.3% for 2025
According to Eurostat, Greece recorded the second largest reduction on a year-to-year (YTY) basis at -8.9 pp
GDP at constant prices reached €196.984 billion in 2023, up from €192.495 billion in 2022, ELSTAT said
A report by the Athens-based Institute for Alternative Policies (ENA) counters the government’s narrative, saying Greece is last in the EU in terms of investments per GDP percentage
The report points out that private consumption is expected to benefit from a rise in real disposable income in the wake of a fall in inflation vis-à-vis the rise in nominal wages
Regarding monetary policy, the BoG notes that 2024 will see a marginal expansion as a result of investment spending from available EU funds.
As per inflation, Greece’s central bank expects a continued slowdown this year, with the inflation rate dropping to 3%
Based on the available seasonally adjusted data, the Gross Domestic Product in terms of volume increased by 1.1% in Q2 2024, compared to Q1 2024
In the section about Greece in its “Global Economics & Strategy” report, the firm highlights the primary fiscal surplus in the 2nd half of 2024 exceeded the €1.2 billion target set, reaching €2.9 billion
Compared to the same quarter of the previous year, seasonally adjusted GDP increased by 0.6% in the Eurozone and by 0.8% in the EU
The independent economic research business based in London appears reassuring regarding the effects of climate change on tourist activity.
At the same time, the formerly bailed east Mediterranean country records the biggest decrease in debt-to-GDP, on a quarterly basis
The Canada-based credit rating agency, however, lowered its GDP prediction to 2.2% for 2025
The available non-seasonally adjusted data indicate that in the 1st quarter of 2024 the Gross Domestic Product (GDP) in volume terms increased by 1.9% in comparison with the 1st quarter of 2023