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Greece extends debt prepayment strategy with first repayment of EFSF loans
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Primary balance at 5.73 bln up to July as RRF-related spending revs up
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Import prices rise moderates to 6.9% YoY in June as energy continues to dominate
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Car sales slowed in July as drop in new vehicle sales prompts 3.9% YoY fall
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Industrial Production slows to 1.1% YoY in June as only manufacturing grows
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Trade deficit continues to drop, falling by 5% in H1
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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