12/01/2024:
The prospects of the Greek economy in 2024
Cypruseconomicsociety.org, 12/01/2024
The Greek economy continues to perform positively despite the slowdown in the global economy due to monetary tightening, the energy crisis and wars in Ukraine and the Middle East. For 2024, both the International Monetary Fund (IMF) and the European Commission and the Organisation for Economic Co-operation and Development (OECD), forecast a growth rate of 2.0%-2.3%, marginally lower than the 2.4% recorded in 2023 but higher than the eurozone average (1.2%). Contributing to the positive performance are cheap financing from the Recovery and Resilience Fund (RRF), a good performance of tourism and the continuation of the memorandum reforms for improving the business climate.