spot_img
Saturday, October 5, 2024

      Subscribe Now!

 

spot_img
spot_img
spot_img
GreeceEBRD sees Greek economy grow 2.4% this year and 2.6% in 2025

EBRD sees Greek economy grow 2.4% this year and 2.6% in 2025

Hellenic News of America
Hellenic News of Americahttps://www.hellenicnews.com
The copyrights for these articles are owned by HNA. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of HNA and its representatives.

Latest articles

The European Bank for Reconstruction and Development (EBRD) sees Greece’s growth at 2.4% this year and 2.6% in 2025.

“Greece’s economic performance remained strong in 2024 as GDP grew by 2.1% year-on-year in the first quarter and 2.3% in the second quarter, boosted by private consumption and fixed capital investment,” the report said.

Greece is on track for another strong tourism season in 2024, possibly surpassing last year’s record performance. Tourist arrivals increased by 15.5% in the first half of 2024 compared to the corresponding period of 2023.
Labour market conditions also continued to improve in the first half of 2024, as the unemployment rate fell to 9.6% in June, a 15-year low.

“The budget, which returned to primary surpluses in 2023, recorded a surplus of 0.9% of GDP in the first five months of 2024, slightly higher than 0.6% in the corresponding period last year, due to higher tax revenues,” noted the EBRD.
Regarding public debt, it said it “was at 161.9% of GDP at the end of 2023, remaining the highest in Europe, but fell further that year due to high nominal GDP growth and a primary fiscal surplus.”

Inflation eased further in the first half of 2024 (to 3% year-on-year on average), but core inflation remained relatively high and persistent (3.3% in June 2024).

Thanks for reading Hellenic News of America

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

Get Access Now!

spot_img
spot_img
spot_img