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Industrial production accelerates to 3.9% YoY in May, led by electricity supply
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Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
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Pension policy U-turn highlights government’s election concerns
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Jobs in tourism push May hiring balance upwards
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PBO sees resilience in economy, revises growth outlook slightly down
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Unemployment slides to 8.1% in May as male and youth rates improve
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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