Greece's Economic Outlook: Modest Growth Amid Global Uncertainty
Greece's economy is expected to sustain moderate growth momentum in the coming years, with the International Monetary Fund (IMF) projecting a growth rate of 2% in 2025 and 1.8% in 2026, as outlined in its latest World Economic Outlook report. Inflation rates in Greece are anticipated to ease further, reaching 2.4% this year and 2.1% by 2026. However, the country is also facing challenges, with the current account deficit expected to rise to 6.5% of GDP in 2025 and 5.9% in 2026. Unemployment rates are projected to hover around 9.4% and 9% for those respective years.
In a broader context, the Eurozone is experiencing slightly dimmed economic growth forecasts, with the IMF revising its predictions downwards to an expected growth of 0.8% in 2025 and 1.2% in 2026. This is a reduction of 0.2 percentage points from previous estimates, indicating a more cautious outlook for the region.
On a global scale, the IMF acknowledges that after enduring a series of significant shocks, a period of relative stability has emerged, characterized by steady albeit sluggish growth. However, this stability is now facing new challenges as governments worldwide reboot their policy frameworks in response to escalating global uncertainties. The IMF specifically highlights the tariff measures imposed by U.S. President Donald Trump as a pivotal element in this dynamic.
The IMF's latest forecasts indicate that global economic growth is set to decline to 2.8% in 2025, which is half a percentage point lower than the organization's January estimate. A slight recovery to 3% is projected for 2026, which, while an improvement, remains below the long-term average growth rate of 3.7%.
As these economic projections unfold, Greece, like many nations, will need to navigate the complexities of both local and international economic landscapes. The forecasts serve as a call to action for policymakers to implement strategies that can foster resilience and stimulate growth in the years ahead.
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