Its growth rates of the Greek economy 2.5% this year and 2% in 2024 provides for it International Monetary Fund in his World Economic Outlook report.

Eurozone GDP growth expected 0.7% this year and 1.2% in 2024, i.e. significantly lower than in Greece.

As far as he is concerned inflationas measured by the harmonized index of consumer prices, the Fund predicts that it will decrease to average levels in Greece to 4.1% this year and to 2.8% in 2024, while for the Eurozone it is projected to decrease to 5.6% and 3.3%, respectively.

The reduction of unemployment in Greece forecast to continue, with its rate falling to 10.8% this year and 9.3% in 2024 from 12.4% last year.

The current account deficit is expected to narrow to 6.9% of GDP this year and further to 6% of GDP in 2024. The Eurozone is forecast to run a surplus of 1.2% of GDP this year rising to 1.4% in 2024.

The global economy

For the global economy, the IMF reports that showed resilience in successive crises of the pandemic and the Russian invasion of Ukraine, but the recovery remains slow and uneven.

It predicts global GDP will grow 3% this year, as forecast in June, and 2.9% in 2024 versus a marginally higher forecast in June. Forecasts remain lower than the historical average (period 2000-2019) of 3.8%.

For the USA it provides growth rate of 2.1% this year and 1.5% in 2024, while for the Chinese economy 5% and 4.2%, respectively.

“Despite the resilience there has been this year with the post-reopening recovery and progress in reducing inflation, it is too early for complacency,” the Fund notes, adding that economic activity remains below the projected path of before the pandemic and there are increasing discrepancies between regions.