Categories: Economy

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

Eleanor Thompson

As a content writer at newslopp.com, I am passionate about transforming ideas into engaging stories that captivate and inform our readers. With a keen eye for detail and a love for crafting compelling narratives, I strive to create content that resonates with our audience and keeps them coming back for more. From breaking news to in-depth features, I am dedicated to delivering high-quality, well-researched articles that spark conversation and inspire thought. My goal is to connect with our readers on a personal level, providing them with valuable insights and fresh perspectives on a wide range of topics. Join me on this exciting journey as we explore the world through the power of words.

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