Greece on Monday said its economy was expected to grow by 2.3 per cent in 2025, compared with 2.2 per cent this year.
“The Greek economy is proving resilient” against a backdrop of geopolitical tensions and the consequences of climate change, Finance Minister Kostis Hatzidakis said in a press release accompanying the draft budget.
Unemployment, one of the eurozone’s highest, is forecast to fall to 9.7 per cent in 2025 from 10.3 per cent this year, while investment will rise by 6.7 per cent in 2024 and 8.4 per cent in 2025, the ministry said.
Inflation, driven upwards by soaring energy prices, is expected to hit 2.7 per cent in 2024 before receding to 2.1 per cent in 2025.
Living standards in Greece remain among the lowest in the European Union despite continued growth, after a near-decade crisis during which the country lost a quarter of its output.
In 2023, the country had the second-lowest GDP per capita in the EU, while average annual income was only half the European average, according to Eurostat.
Source: AFP
