Tuesday, December 30

Bank of Greece Sees Steady 2.1% Growth Through 2027


The Hellenic Parliament overlooking Syntagma Square in Athens. Photo © Greek Travel Pages

The Bank of Greece expects the country’s economy to maintain stable growth of around 2.1 percent through 2027, creating supportive conditions for tourism, investment and household incomes, according to its latest Interim Monetary Policy Report.

The central bank said the projected growth rate for the 2025–2027 period would remain above the eurozone average, keeping Greece on a path of gradual income convergence. For 2028, it forecasts a mild slowdown to around 2 percent, without altering the overall positive outlook.

According to the report, the stable growth trajectory provides a favorable backdrop for tourism, which remains a key pillar of the Greek economy. High demand, combined with ongoing investments in infrastructure, transport and more sustainable hospitality services, is expected to support destination competitiveness and contribute to a gradual extension of the tourism season. Industry analysts note that these trends could have positive spillover effects on employment and household incomes.

The report also highlights easing inflationary pressures, with inflation projected to decline from 2.8 percent in 2025 to 2.1 percent in 2026. The central bank said this could help strengthen household purchasing power and support social cohesion, although it cautioned that elevated housing and services costs remain a challenge.

In this context, the Bank of Greece underlined the need for targeted policy measures to increase housing supply, including streamlined licensing procedures and the utilization of idle real estate.

Financial stability was also identified as a key supporting factor, with the strengthened resilience of Greek banks and recent credit rating upgrades creating conditions conducive to new investment. Combined with sustainable public debt dynamics and the effective use of European funding, the report said the Greek economy has solid foundations for continued, broadly based growth.


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