The Greek economy is projected to continue its steady growth trajectory in the coming years, with a forecasted growth rate of 2% in 2024 and 2.5% in 2025. This growth is fueled by a combination of factors, including rising employment rates, increasing real wages, and a robust tourism industry that is driving consumption.
Wage growth in Greece reached an impressive 5.5% in the fourth quarter of 2023, with significant increases in the minimum wage also taking place in April 2023 and April 2024. Despite slowing new job creation, the employment rate and labor force shortages remain at historically high levels.
Investment is expected to grow by a strong 9% in 2025, thanks to the absorption of Recovery and Resilience Fund resources and improvements in bank stability. Despite tight financial conditions, these factors are providing support for investment growth.
Inflation is predicted to continue declining at a slower pace than anticipated, with an easing to just 2.1% in the last quarter of 2025. The report forecasts a primary surplus of 1.8% of GDP in 2024 and 2.1% in