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Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
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Record travel receipts and narrower trade deficit reflected in current account up to May
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Energy and domestic market drive industrial turnover growth of 14.1% YoY in May
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Primary surplus up to June at 4.48 bln as taxes continue to outperform, spending contained
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Energy continues to drive import prices as May sees 13.3% YoY rise
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New passenger cars push June sales to highest since 2010
Rising prices and energy pressures threaten to undermine 2026 outlook
With the release of the OECD’s Economic Outlook last week, all major international organisations have now published their latest projections for 2026. Across the board, the impact of the Iran war is seen as only moderate, while Greece is still expected to outperform the eurozone average and its peers.
The OECD revised its growth estimate downwards to 1.9%, from 2.2% in the previous outlook in December.
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