Greek economy: Record tourist arrivals and strong budget surpluses hide slow growth, widening inequality, and a political landscape stuck in neutral

The Greek prime minister, among others, said there's nothing to discuss with Ankara regarding hydrocarbon research south of Crete, for instance. He also fielded a question on Chinese ownership of the port of Piraeus; cited the IMEC corridor initiative

DBRS chose not to upgrade Greece’s credit rating, with analysts widely anticipating Moody’s will also hold off on any change.

The fiscal performance of the Greek economy is attributed to higher tax revenues and the contribution from the Attiki Odos motorway deal.

Preliminary data from the Hellenic Statistical Authority shows Greece’s GDP grew just 1.7% year-on-year in second quarter (Q2) 2025, signaling a slowdown ahead of forecasts for the Thessaloniki International Fair

The worst flooding in decades has destroyed crops, drowned livestock, and displaced millions in Punjab, raising fears of food shortages, surging prices, and fresh pressure on Pakistan’s fragile economy

From soaring defense budgets to shifting supply chains, experts warn that the end of the post–Cold War “peace dividend” is reshaping global markets and debt

Prime Minister Kyriakos Mitsotakis will chair a cabinet meeting in Athens on Friday morning, with ministers set to present new legislative initiatives spanning education, development, energy, culture, and sustainable fisheries.

The bank forecasts a 2.2% expansion of the Greek economy in 2025, slightly down from 2.3% in 2024, before slowing to 1.8% in 2026.

Based on data from the Copernicus/EMWF, the summer of 2024 was the hottest recorded, while May 2025 was the second hottest overall.

The analysis sees a 2.3% GDP growth rate in 2025, followed by 2% in 2026 and 2.1% in 2027, the largest in the Eurozone. It cautions, however, that inflationary pressures will persist.

While IOBE maintains its positive outlook on the growth of the Greek economy in 2025, also projecting 2.4% GDP growth in 2026, it expressed concerns about the level of inflation.

The report underlines the Greek economy’s dynamic, justifying an overweight stance in the investment sector.

Greece is making strides in its long fight against tax evasion, but the shadow economy still casts a long shadow over the country's ability to cut taxes or invest more in public services.

This estimate is based on data available up to the first quarter of 2025 and therefore reflects the economic momentum before the recent escalation of the geopolitical crisis

The tourism sector is expected to create 1.1 million jobs by 2035 and contribute €58.2 billion to the Greek economy.

The change marks a 0.4% rise compared to Q4 in 2024. Based on non-seasonally adjusted data, the GDP posted a 1.4% rise over the same period compared to Q1 in 2024.