According to the new report, the Greek economy is expected to increase by 2.2%
The IOBE reviews its estimate marginally for growth at 2.2% for 2025 from 2.4% of the previous provision in January 2025, according to the quarterly report on the Greek economy it presented today.
The unemployment rate, according to IOBE estimates, is expected to be 9.3% in 2025. However, recent developments in the global environment at both political and geopolitical levels are causing strong uncertainty.
At the presentation of the report, IOBE President Yiannis Retsos, welcoming those present to the presentation of the report, referred to the rapid international economic developments and that they are expected to directly and indirectly affect the Greek economy. At the same time, IOBE General Manager Nikos Vettas pointed out the importance of strengthening domestic investment for growth in the hectic international commercial field.
Among other things, he noted:
- Intense, repeated changes in US tariff policy have fueled international policy uncertainty, exacerbating export prospects and investment.
- A possible equilibrium of international trade architecture in the medium term in a higher level of duties will increase production costs, resulting in increased prices, reducing real incomes and a secondary slowdown in innovation.
- The wider turmoil in the global economic field creates rearrangements in the relative power and course of large economies. Stables of globalization for more and less developed economies are challenged and a new strategy for the European Union will be sought in this context, with increasing competitiveness, strategic autonomy and defense.
- In recent decades, a decline in restrictions on trade, capital movement and, where appropriate, people have allowed the ever -increasing specialization in the production and development and dissemination of new technologies. The reversal of this course without a strong retreat of prosperity today is impossible.
- The Greek economy is recovering at pre-crisis levels, with positive performance in labor, real estate, capital, banks, as well as gradual upgrades to its credit rating.
- As the investment gap and unemployment decrease, the essential questions are two. First, is the Greek economy strong enough in the face of the turmoil of the international environment? After all, our country’s public debt is still extremely high and there is a long distance in the investment firms in the exhibitions of investment firms until the desired evaluation enjoyed by other countries in the eurozone region. Secondly, has an inherent dynamic created that will allow highly high growth in the coming years? There is no significant increase in productivity yet, and a series of necessary refractive changes are pending.
- The key to increasing real incomes in the country is still investment. Both in terms of their level, which although rising is significantly short of what is needed for rapid convergence in other European economies and qualitatively by moving to sectors and businesses that produce high value. At the same time, the political and social support of changes that increase productivity and social mobility is critical.
