greek economy

More than 15 years after the onset of the economic crisis, wages remain stagnant at levels that fail to guarantee a basic standard of decent living, according to the report's findings

The serious military tension between Israel and Iran, with the looming threat of a wider conflict, has serious and multilayered economic repercussions, both regionally and globally, ” said the president of the Piraeus Chamber of Commerce and Industry

The change marks a 0.4% rise compared to Q4 in 2024. Based on non-seasonally adjusted data, the GDP posted a 1.4% rise over the same period compared to Q1 in 2024.

Regarding Greece’s credit outlook, S&P analysts said that a reduction in external imbalances could pave the way for a future upgrade.

Greece’s GDP growth is projected to reach 2% in 2025 and 2.1% in 2026, according to the latest Economic Outlook report on global economic prospects released by the OECD. According to estimates, investments will be bolstered by disbursements from the EU’s Recovery and Resilience Facility, while increases in the minimum wage are expected to support […]

Greece received three consecutive upgrades: from Moody’s, DBRS in March, and S&P in April.

Swiss-based multinational investment bank UBS is “bullish” on the Greek economy, expecting it will have a robust performance in 2024-2026 based on the country’s fundamentals. In its analysis, UBS affirms the country’s recovery, pointing to economic growth rates outpacing those of the EU average while also highlighting a steady fall in inflationary pressures. A combination […]

Greek Prime Minister Kyriakos Mitsotakis appeared on CNBC’s “Europe Early Edition,” where he underlined that foreign investment continued to flow into the Greek economy. In the TV segment titled “The Return of the Greek Economy,” Mitsotakis touched on the country’s impressive growth rates while outlining the bold reforms undertaken by his government, the successful repayment […]

Commissioner Albuquerque praised Greece’s recovery since the crisis years and acknowledged the shared challenges overcome during that period.

The Greek economy is set to experience two more years of strong economic growth, according to Morgan Stanley, with the American-based multinational investment bank forecasting a GDP expansion of 2.2% in 2025—a slight deceleration of just 10 basis points compared to 2024. For 2026, Morgan Stanley projects a notable slowdown in the Greek economy, when […]

The Commission’s report noted that growth is being driven by robust private consumption and a wave of EU-funded investment.

The Greek economy expanded by 2.3% in 2024 and is projected to grow at a similar rate in 2025, while in 2026 GDP will reach 2.2%, according to the European Commission’s Spring forecast. Consumer spending and investment supported by EU funding are seen as the primary driving forces for the rise in Greek GDP. Inflation […]

A Bank of Greece (BoG) report assesses the country’s financial stability and recovery are at risk from external factors linked to rising geopolitical tensions and the global resurgence of trade protectionism like tariffs. The May 2025 Financial Stability Report highlights significant improvements in the Greek banking sector, as it continued to exhibit robustness in its […]

Analysts, economists, and institutional stakeholders discussed the prospects and the role capital markets can play as a savings tool at the 5th OT Forum.

On Tuesday, Greece also filed a formal request for the activation of the “defense spending escape clause,” which would allow defense expenditures to be excluded from the budget deficit calculations.

The current account deficit worsened in 2024, increasing by 1.3 billion euros year-on-year, following a significant reduction in 2023.

Regarding the tariffs, he stressed the importance of a unified response within the EU to enhance effectiveness.

Greece must speed up its reform efforts to remain a competitive and attractive destination for investment, despite the turbulence in international trade.

Following Greece, Italy ranks second with an informal economy comprising 31% of its GDP, while Spain and Portugal both register at 24%. Lithuania, Latvia, and Bulgaria each report a shadow economy size of 20%.

Fitch’s review on May 16 will be another pivotal moment.