Bank of Greece Revises Economic Growth Forecasts Amid Inflation Concerns
The Bank of Greece has set its economic growth expectations at 2.3% for this year, forecasting a slight increase to 2.5% in 2025 before declining to 2.0% in 2027. Key growth drivers include consumption, with investments and exports also contributing positively despite a slightly negative net external contribution. Inflation is projected to drop to 3% in 2024, down from 4.2% in 2023, influenced by slower food price increases. The report also highlights ongoing structural weaknesses and geopolitical risks that pose challenges to economic recovery.