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2024 Economic Projections for Greece

2024 Projected Real GDP Change

The International Monetary Fund (IMF) projects Greece's real GDP to grow by 3.1% in 2024, driven by increased consumer spending and investment.

2024 Projected Consumer Prices Change

Inflation Consumer Prices Annual - Greece

The IMF also projects Greece's inflation rate to ease to 2.4% in 2024, supported by a decrease in energy prices and supply chain constraints.

Economic Outlook

Improved Outlook with Challenges

Greece's economic outlook has improved significantly, but challenges remain. The sharp rise in energy bills and food prices led to high inflation in 2022, but this is expected to moderate in 2024.

Recovery from Pandemic

Greece has weathered the COVID-19 pandemic well, with a stronger-than-expected economic recovery. However, the country still faces challenges related to public debt and unemployment.

Recent Developments

In January 2023, Greece's annual inflation rate slowed to 3.1%. The IMF has revised its economic growth projections for Greece upwards, reflecting improved economic conditions.

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