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Greek economic outlook and inflation forecasts

Updated 5 times since CLSTR started tracking revisions of this situation.

What changed

2026-10-24 05:31 UTC → 2026-10-24 06:57 UTC · added removed

The Institute for Economic and Industrial Research (IOBE) has issued a quarterly report regarding the Greek economy, maintaining a GDP growth forecast of 1.8% for 2026. The institute has slightly revised its 2027 growth projection downward to 1.9% from a previous estimate of 2.0%. Inflationary pressures are expected to rise, with the harmonized consumer price index projected to reach 4% in 2026, driven largely by energy costs and supply chain disruptions stemming from conflicts in the Middle East. Inflation is expected to decelerate to approximately 3% in 2027. Unemployment is forecasted to stand at 8.6% in 2026 and drop to 7.8% in 2027. Recent data from the Institute of Economic and Business Research (IOVE) indicates that inflation is exceeding official projections, with the nine-month harmonized rate reaching 3.8%. This discrepancy is attributed to volatile international energy prices, such as Brent crude exceeding $100 per barrel. Adding to these projections, the Bank of Greece forecasts a domestic growth rate of approximately 2% for 2026, with inflation expected to settle at 3.5% for the year. While Greece's GDP grew by 1.9% annually in the second quarter of 2026—outperforming the Eurozone's 1.2%—challenges persist. Although net wealth per capita rose by 7.9% in the first quarter of 2026 due to a 46% increase in property values, real disposable income has declined because nominal wage increases are not keeping pace with inflation. This has led many consumers to adopt more cautious spending habits. The Bank of Greece further projects that the national economy will maintain a growth rate of approximately 2% through 2026–2028, continuing to outpace the Eurozone average. However, the central bank warns of persistent inflationary pressures, particularly in services and energy, which could reach 3.5% and impact household purchasing power. Newer data highlights intensifying energy pressures.

Versions

  1. 2026-10-24 06:57 UTC Greek economic outlook and inflation forecasts
  2. 2026-10-24 05:31 UTC Greek economic outlook and inflation forecasts
  3. 2026-10-23 14:51 UTC Greek economic outlook and inflation forecasts
  4. 2026-10-21 16:00 UTC Greek economic outlook and inflation forecasts
  5. 2026-10-18 09:12 UTC Greek economic outlook and inflation forecasts
  6. 2026-10-17 09:18 UTC Greek economic outlook and inflation forecasts

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