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Manufacturing stays in expansion in Sep despite slight PMI moderation
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Rises in refined oil products push producer prices up by 14.9% YoY in August
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Retail sales on the up with 6.6% YoY growth in July
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Unemployment rate drops further to 7.4% in August
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Economic sentiment slightly improves in Sep, as recovery in consumer confidence continues
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Building activity rebounds strongly with 21.5% YoY rise in June
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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