The Greek economy is expected to experience growth of 2% in 2024 and 2.5% in 2025, driven by a strong tourism industry, rising employment, and real wages. Despite a slowdown in new job creation, the employment rate and labor force shortages are at historically high levels.
Wage growth saw an increase of 5.5% in the fourth quarter of 2023, with the minimum wage rising by 9.4% in April 2023 and an additional 6.4% in April 2024. The report also highlighted the absorption of funds from the Recovery and Resilience Fund and improvements in bank soundness as factors that will support investment, despite tight financial conditions, with a forecasted growth of 9% in 2025.
Inflation is predicted to decline at a slower pace and reach 2.1% in the last quarter of 2025. The report predicts a primary surplus of 1.8% of GDP in 2024 and 2.1% in
