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New vehicles drive car sales up by 20.7 pct YoY in Sep
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Electricity pushes industrial production down by 2.9 pct YoY in Aug
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Drop in energy costs bring CPI down to 1.8 pct YoY in Sep
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Oil prices contribute to trade deficit falling by 18.8 pct YoY in Aug
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Draft budget for 2026 sees growth accelerating to 2.4 pct, tax collections remaining strong
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Falling property FDI raises questions about housing market after Golden Visa rush
OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline
In its latest economic outlook, the OECD is slightly more optimistic about Greece’s growth prospects, although – like other international organisations – it warns that there is no room for complacency as the economy’s structural challenges need to be addressed and the public spending the economy requires will lose the boost it had received from the RRF when the scheme concludes in 2026.
The OECD upped its 2024 growth forecast to 2 pct, from 1.6 pct in the previous estimate, although this revision does not come from higher investments but more robust private consumption spending, which is now seen rising by 1.7 pct this year, from 1 pct...
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