The Greek economy is projected to experience steady growth in the coming years, with a forecasted growth rate of 2% in 2024 and 2.5% in 2025. This growth is being fueled by rising employment rates, increasing real wages, and a robust tourism industry that is driving consumption. Despite a slowdown in new job creation, the employment rate and labor force shortages are at historically high levels.
Wage growth in Greece reached an impressive 5.5% in the fourth quarter of 2023, with significant increases also seen in the minimum wage during this period. The absorption of Recovery and Resilience Fund resources, along with improvements in bank stability, will support investment despite tight financial conditions. Investment is expected to grow by an impressive 9% in 2025.
Inflation is predicted to continue declining at a slower pace, with a forecasted easing to 2.1% in the last quarter of 2025. The report predicts a primary surplus of 1.8% of GDP in 2024 and 2.1% in 2025 as efforts to reduce public debt are showing progress. Public debt is estimated to decrease from 161% of GDP in
