Despite the unfavorable international situation, the IMF, in its World Economic Outlook, predicts that in the next two years Greece will continue to grow at a higher rate than the Eurozone, unemployment will continue to decrease while inflation will gradually return to the 2% target.

More specifically, and in relation to the October 2023 forecasts, the IMF forecast remains unchanged for 2% growth in 2024 in Greece (sixth highest in the eurozone), despite the significant downward revision for the eurozone as a whole (0.8% , against 1.2% predicted in October).

At the same time, in 2025 Greece is predicted to record a higher growth rate than the average of the Eurozone (1.9% versus 1.5%).

In both Greece and the Eurozone, inflation is forecast to decrease for 2024 and 2025, a year in which inflation is expected to return very close to the 2% target. Finally, in Greece unemployment is expected to continue to fall this year and next year (9.4% and 8.7% respectively), getting even closer to the European average (6.6% and 6.4% in the next two years).

Finally, the IMF predicts a further improvement in Greece’s current account balance over the next two years.