Eurozone and Greek economies show resilience amid energy price risks

The Eurozone economy is showing signs of resilience despite global uncertainties. According to HSBC, Eurozone GDP grew by 0.6% in the second quarter, surpassing initial estimates of 0.4%, driven largely by strong performance in Ireland and contributions from foreign trade.

In Greece, Eurobank reports that the economy has maintained a growth rate higher than the Eurozone average for 20 consecutive quarters. Greek GDP grew by 1.9% on an annual basis in the second quarter of 2026. However, structural challenges remain, including a real GDP that is still 13.6% below its pre-crisis peak and a deficit in the external balance.

Despite this momentum, significant risks persist. HSBC warns that energy prices are a primary threat, noting that tensions involving Iran have pushed Brent crude oil prices above $100 per barrel. This volatility increases uncertainty for both economic stability and monetary policy decisions.