The IMF warns the euro zone faces weaker growth and rising inflation even if the Iran war subsides, with higher energy costs expected to push the ECB toward interest rate hikes.
Additionally, Reuters on Tuesday quoted what it describes as two Greek officials citing plans to revise the 2026 growth forecast down to around 2% (from 2.4%)
Kyriakos Pierrakakis is in Washington for the IMF–World Bank Spring Meetings and his first in-person G7 sessions as Eurogroup President, holding key talks with global financial leaders and taking part in discussions on global economic uncertainty
An IMF official says millions of unresolved non-performing loans continue to slow Greece’s economic recovery, restricting credit access for households and small businesses despite post-crisis banking reforms and broader financial stabilization.
Greece’s short-term economic outlook remained favorable
Weak public investment, energy disruptions, and high debt expose Congo to financial strain, while regional credit markets tighten and refinancing costs soar
The IMF forecasts 3.3% global GDP growth for 2026 as AI investment, lower U.S. tariffs, and supply chain adjustments offset trade disruptions, while warning that AI-driven market corrections and geopolitical tensions remain key downside risks
The IMF says Europe’s recovery is fragile and warns that rising spending, weak productivity, and aging populations could push debt to dangerous levels. Greece, despite strong growth, remains burdened by high debt and dependence on EU funds.
The Washington D.C.-based Fund's Fiscal Monitory report said Greece's debt is forecast to decrease by 16.5 percentage points over the next five years, despite lower primary budget surpluses
In all his engagements, the Greek Finance Minister is expected to emphasize a consistent message: that amid global uncertainty and volatility, the Greek economy remains resilient and on a steady upward path.
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
Greece’s Finance Minister, Kyriakos Pierrakakis, held a high-level meeting on Friday, April 25, with Treasury Secretary Scott Bessent and Deputy U.S. Treasury Secretary Michael Faulkender.
"What we see in Greece is what we want to see everywhere," says IMF Managing Director Kristalina Georgieva.
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock’.
The report suggests Greece’s economic expansion will be fueled primarily by investments, supported by projects financed through the EU Recovery Fund.
The forecast was included in the D.C.-based Fund’s Fiscal Monitor report on global fiscal developments
The corresponding forecasts by the Greek government are 2.2% for 2024 and 2.3% for 2025
An IMF report cites a 30-percentage-point decrease in the GDP-to-debt ratio due to continued economic growth, inflation and a 2018 debt relief agreement
Greece has frequently been at the epicenter of European attention in different fields. The outbreak of the debt crisis in 2009 and the risk of Greece to leave the Eurozone and cause a systemic domino effect, for instance, heavily influenced European economic governance. In difficult times for the national economy, it was the role of […]
Projected consumer prices are forecast to rise by 2.7%