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Refined oil products propel 27.4 pct YoY rise in March industrial turnover
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Central government debt drops to 400.52 bln in Q1 due to lower repos
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Greece braces for major inflation shock as Middle East standoff continues
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April primary surplus beats target thanks to improved taxes and contained spending
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Energy pushes import prices up by 11.4 pct YoY in Mar, highest since Dec 2022
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Car sales drop 4.6 pct YoY in Apr, up 3.3 pct in 4M
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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