Greece’s economy is projected to grow at faster rates this year and in 2025, according to the European Bank for Reconstruction and Development (EBRD) in its latest forecasts for the economic performance of countries where it operates.
In the report Regional Economic Prospects, May 2024,” EBRD economists note that – although Greek GDP increased only by 2% in 2023 where overall short-term prospects remain positive with growth expected to accelerate to 2.3% in 2024 and 2.6% in 2025.
Tourist arrivals and the issuing of receipts increased significantly in 2023, surpassing pre-pandemic levels. Confidence indicators also began to move in the right direction, while the moderation of energy prices contributed to disinflation in 2023. Overall annual inflation was 3.5% in the last quarter of 2023, having reached double-digit percentages in 2022. In addition, Greece returned to investment-grade credit rating status during 2023 for three of the four major rating agencies.
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