The Central Bank of Greece has lowered its forecast for the growth of the Greek economy this year and next, mainly due to the shock of the sharp increase in oil prices as a result of the war in the Middle East, Sky TV reported, quoted by BTA.
Specifically, for 2026, the bank forecasts gross domestic product (GDP) growth of 1.9 percent instead of the initially planned 2.1 percent, and for 2027, the forecast has been lowered from 2.1 to 2 percent.
For 2028, the economic growth forecasts remain unchanged – 2 percent.
The latest report by the central bank of the Greek economy says that it will continue to grow at a higher rate than the euro area average, mainly due to private consumption and investment, while the impact of net exports will be slightly negative.
Inflation in 2026 is expected to remain high - 3.1 percent, reflecting higher energy and unprocessed food prices, as well as the resilience of services inflation. Inflation is expected to gradually decline over the reporting period, as energy prices are estimated to decline from their current high levels.