The Greek economy is expected to grow by 2.1% this year and 2.2% in 2026according to report of IOVE which was published on Wednesday, with the Institute to revise down its previous forecasts, citing a global trade war and geopolitical tensions.
Greece is still recovering from the debt crisis of 2009–2018, which shrunk her economic production by a quarter and significantly reduced household incomes due to the fiscal adjustment required by international support programs.
However, it is now outperforming other eurozone countries, thanks to a rise in foreign investment and tourism revenue.
In its previous quarterly report, in July, IOBE had predicted a growth rate of 2.2% for this year and 2.4% for 2026.
On Wednesday, however, the Institute noted that external factors, such as the potential escalation of the US-China trade war, rising geopolitical tensions, and political and social instability in key eurozone countries, could intensify inflationary pressures, hitting domestic consumption and exports.
Source: Skai
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