Greece on the Rise: Projected Economic Growth, Job Creation, and Investment Boost in 2024 and 2025

Despite a slowdown in new job creation, the Greek economy is expected to continue growing at a steady pace, with a projected growth rate of 2% in 2024 and 2.5% in 2025. This growth is fueled by rising employment rates, increasing real wages, and a robust tourism industry that is boosting consumption.

The absorption of Recovery and Resilience Fund resources, along with improvements in bank stability, will support investment despite tight financial conditions. Investment is forecasted to grow by 9% in 2025. Wage growth in Greece reached 5.5% in the fourth quarter of 2023, with the minimum wage also seeing significant increases in April 2023 and April 2024.

Inflation is expected to continue declining albeit at a slower pace with a forecasted easing to 2.1% in the last quarter of 2025. The report predicts a primary surplus of 1.8% of GDP in 2024 and 2.1% in