Greece will have less debt than Italy in 2029 according to IMF forecasts. The Fund estimates that in five years Greek debt will reach 139.4% of GDP, when Italy’s debt will be at 142.3%, with Italy taking the title of debt champion in the Eurozone.

The IMF predicts that the Greek economy has entered a trajectory in which it can produce stable surpluses that will increase from 1.9% of GDP in 2023 to 2.1% of GDP this year, where it will remain at least until 2029 which is the period under review of the report.

According to the Fund’s indicators, the debt, which had reached 213.2% of GDP in 2020, will fall to 159% this year, to 152.9% in 2026, to 149.1% in 2026, to 145.4 % in 2027, to 142.3% in 2028 and to 139.4% in 2029.

Regarding the course of the fiscal deficit, which is one of the criteria for the evaluation of Greece during the implementation of the medium-term fiscal and structural plan 2025-2028, it is expected to be 1% of GDP this year, at 0.9% for in 2025, to 1.1% for 2026, to 1.3% for 2027, and to 1.5% for 2028 and 2029.

The current account deficit is expected to be 6.5% of GDP in 2024 and 5.3% in 2025, with unemployment at 10.5% and 10.1% respectively.