The Greek economy is expected to grow at a faster pace than the Eurozone, both this year and in 2025, according to a report by the International Monetary Fund on global economic prospects, released today.
Specifically, real GDP is projected to increase by 2.3% this year and by 2% in 2025, compared to 0.8% and 1.2%, respectively, for the Eurozone.
Inflation, based on Eurostat’s harmonized consumer price index, is projected to average 2.9% this year and 2.1% in 2025, compared to 2.4% and 2.0%, respectively, for the Eurozone.
Unemployment is expected to drop from an average of 11.1% in 2023 to 10.5% this year and further to 10.1% in 2025, while in the Eurozone, it is forecast to rise slightly to 6% this year and decline to 5.8% next year.
The current account deficit is projected to shrink from 6.8% of GDP in 2023 to 6.5% this year and further to 5.3% in 2025, while the Eurozone is expected to run a surplus of 3.1% and 3%, respectively.
SOURCE; ANA-MPA
