Central bank lowers expectations for Greek growth

[Intime News]

The Bank of Greece is lowering its expectations for the Greek economy’s maturation this year and successful 2026, according to its latest periodic study connected the Greek economy, released connected Friday.

Following the caller macroeconomic forecasts published past week by the European Central Bank, the Bank of Greece predicts that the country’s GDP will turn by 2.2% this year. In comparison, the complaint is expected to autumn to 1.9% successful 2026 earlier returning to 2.1% successful 2027.

In contrast, astatine the extremity of June, the Bank of Greece’s Monetary Policy Report projected a maturation complaint of 2.3% for this year, forecasted the complaint to alteration to 2.1% successful 2026, and predicted it would besides stay astatine that level successful 2027.

Inflation is expected to stay high, astatine 3.1% successful 2025, while fiscal argumentation is anticipated to go expansionary pursuing the implementation of the Recovery and Resilience Facility (RRF). New measures announced astatine the Thessaloniki International Fair are expected to pb to higher-than-forecast maturation successful 2026 and 2027.

On Tuesday, Bank of Greece Governor Yannis Stournaras, speaking astatine the Athens International Investment Summit (AIIS), stated that GDP is expected to turn astatine a complaint slightly supra 2% successful 2025, 2026, and 2027, astir treble the Eurozone average, contempt the expanding uncertainty successful the planetary economical environment.