EU Commission: Greece to Outpace Eurozone in Growth Through 2026

10:51 20/5/2025 - Πηγή: iEfimerida

Greece is projected to continue to outperform the eurozone and the wider European Union in economic growth over the coming years, according to the European Commission’s Spring 2025 Economic Forecasts released Tuesday.

Fueled by resilient domestic consumption and investments funded by the EU, the Greek economy is now expected to expand by 2.3% in 2025 and 2.2% in 2026, maintaining a growth rate significantly above the euro area average.
The Commission has revised its 2024 growth forecast for Greece upward to 2.3%, from the 2.1% estimate in last autumn's report.

Projections for 2025 and 2026 remain steady at 2.3% and 2.2%, respectively. This stable growth outlook contrasts sharply with the downward revisions applied to the eurozone and EU average figures.

In comparison, the eurozone GDP growth is projected at 0.9% in 2024, 0.9% in 2025, and 1.4% in 2026. EU GDP growth is forecast at 1.0% in 2024, 1.1% in 2025, and 1.5% in 2026. These figures indicate a cooling of optimism since the Autumn 2024 forecast, which projected eurozone growth at 1.3% for 2025 and 1.6% for 2026.

Inflation in Greece is expected to moderate gradually, reaching 3.0% in 2024, 2.8% in 2025, and 2.3% in 2026.

Wage growth and sustained demand are cited as contributing factors to persistent price pressures. Nevertheless, Greece’s inflation outlook remains within a manageable range. Across the eurozone, inflation is forecast to decline from 2.4% in 2024 to 2.1% in 2025 and 1.7% in 2026.
Unemployment in Greece is projected to continue its downward trend, falling to 10.1% in 2024, 9.3% in 2025, and 8.7% in 2026.

This represents a significant improvement, highlighting the recovery of the Greek labor market following the economic crisis. The European Commission commended Greece for achieving a notable primary budget surplus of 1.3% of GDP in 2024. While this is expected to slightly decrease to 0.7% in 2025, it is projected to rebound to 1.4% in 2026, reflecting continued fiscal discipline.
Importantly, Greece's debt-to-GDP ratio is forecast to fall to 140.6% by 2026, supported by robust nominal GDP growth and improving fiscal fundamentals.
The Spring Forecast solidifies Greece’s position as one of the eurozone’s strongest performers in terms of growth.

Continued inflows of EU investment, sustained consumer demand, and prudent fiscal policy are seen as the primary drivers of this performance, even as the broader eurozone faces more subdued growth. The Commission’s report indicates confidence in Greece’s post-crisis transformation and its capacity to navigate current economic uncertainties more effectively than many of its European counterparts.

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EU Commission, Greece,Outpace Eurozone, Growth Through 2026