[Intime News]
The Bank of Greece is lowering its expectations for the Greek economy’s growth this year and in 2026, according to its latest periodic report on the Greek economy, released on Friday.
Following the new macroeconomic forecasts published last week by the European Central Bank, the Bank of Greece predicts that the country’s GDP will grow by 2.2% this year. In comparison, the rate is expected to fall to 1.9% in 2026 before returning to 2.1% in 2027.
In contrast, at the end of June, the Bank of Greece’s Monetary Policy Report projected a growth rate of 2.3% for this year, forecasted the rate to decrease to 2.1% in 2026, and predicted it would also remain at that level in 2027.
Inflation is expected to remain high, at 3.1% in 2025, while fiscal policy is anticipated to become expansionary following the implementation of the Recovery and Resilience Facility (RRF). New measures announced at the Thessaloniki International Fair are expected to lead to higher-than-forecast growth in 2026 and 2027.
On Tuesday, Bank of Greece Governor Yannis Stournaras, speaking at the Athens International Investment Summit (AIIS), stated that GDP is expected to grow at a rate slightly above 2% in 2025, 2026, and 2027, almost double the Eurozone average, despite the increasing uncertainty in the international economic environment.