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Energy propels 18.4% YoY rise in import prices for April
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Strong bond reopening virtually completes Greece's debt strategy for 2026
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Electricity main driver for industrial production rise of 2.1% YoY in April
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CPI at 5.2% YoY in May as impact of Iran war spreads
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Despite slowdown to 5.2% YoY in Q1, property prices at all-time high
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Rising prices and energy pressures threaten to undermine 2026 outlook
EC forecasts slower growth, higher inflation as energy shock strikes
The European Commission released on Thursday its latest spring forecasts, projecting that Greece’s economic growth will slow gradually over the next three years as higher energy prices weigh on household incomes and consumer spending. After maintaining strong momentum in 2025, GDP growth is forecast to decline from 2.1% in 2025 to 1.8% in 2026 and 1.6% in 2027.
In the previous autumn forecasts, growth for this year had been projected at 2.1% and at 1.7% for 2027. The Greek government also recently revised down its growth outlook to 2% for 2026, in line with the Bank of Greece estimate.
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