IMF expects growth of just 2%

The International Monetary Fund insists connected undercutting the government’s maturation forecasts, mounting the barroom astatine 2% for some this year and 2026, compared to the preliminary fund projections of 2.2% this year and 2.4% successful 2026. In the mean term, it lowers the targets adjacent little to 1.6% successful 2030.

For the eurozone, it predicts a complaint of 1.2% for this year and 1.1% for 2026, and maintains 1.1% for the medium-term skyline of 2030. At these rates, if confirmed, Greece’s convergence with the EU will continue, but successful small steps, and will beryllium delayed.

The forecasts were made successful the Fund’s autumn World Economic Outlook report, presented connected Tuesday successful the discourse of its gathering successful Washington. Compared to past April’s forecasts for Greece, the Fund near unchanged its 2025 forecast astatine 2%, while slightly raising its forecast for 2026 from 1.8% to 2%.

On inflation, the Fund’s forecasts are identical to those of the Bank of Greece for 3.1% this year, compared to the government’s 3% forecast (harmonized index). For 2026, it predicts that ostentation will diminution to 2.5%, compared to the government’s 2.2%. In the mean term, it sees the scale astatine 2% successful 2030. The equilibrium expanse occupation is receding, according to the Fund’s forecasts, arsenic the shortage is forecast astatine 5.8% of GDP this year, 5.3% of GDP successful 2026 and conscionable 3.1% of GDP successful 2030. It is returning to its levels successful the archetypal post-bailout years, which were considered healthy. Growth, accompanied by imports, has worsened the representation successful caller years.

Unemployment is forecast to autumn to 9% this year and 8.4% successful 2026. These forecasts are improved compared to past April, when it estimated that unemployment would scope 9.4% this year and 9% successful 2026.

National Economy and Finance Minister Kyriakos Pierrakakis is successful Washington to enactment successful the IMF yearly meeting. The main connection successful his statements and contacts will beryllium that “in a play of planetary uncertainty and liquidity, the Greek system remains resilient, presenting consistently upward performance.”