Greece in 2025: Climate Worries Cast Shadow Over Hopes of Economic Growth
Source: Balkan Insight
Greece’s economy is expected to grow at a higher rate than the Eurozone as a whole in 2025, according to the International Monetary Fund, IMF.
Specifically, GDP is expected to grow by 2 per cent this year, compared to 1.2 per cent growth for the European single currency area. But, despite the positive forecast, there are also concerning trends, experts told BIRN.
“One is inflation, particularly in basic goods and housing, which has created a sense among many Greeks that they are not particularly better off, despite the economy growing,” Nick Malkoutzis, editor of economic analysis website MacroPolis, told BIRN.
According to the European Commission’s statistics body Eurostat, inflation in Greece in November stood at 3 per cent, slightly down from 3.1 per cent in October.
Tourism and construction have been two key driving forces for Greece’s economic recovery. Tourism Minister Olga Kefalogianni on December 19 said revenues from tourism in 2024 were expected to total 22 billion euros.
The original article: belongs to Balkan Insight .
