The Greek economy is projected to grow at a higher rate than the Eurozone, both this year and in 2025, according to an International Monetary Fund report on the outlook for the global economy released today.

Specifically, real GDP is projected to grow 2.3% this year and 2% in 2025, compared to growth of 0.8% and 1.2%, respectively, for the euro area.

Inflation, based on Eurostat's Harmonised Index of Consumer Prices, is projected at 2.9% on average this year and 2% in 2025, compared to 2% and 2.1%, respectively, for the euro area.

Unemployment is estimated to fall from 11.1% in 2023 to an average of 10.5% this year and further to 10.1% in 2025, while in the euro area it is expected to rise marginally to 6% this year and fall to 5.8% next year.

The current account deficit is projected to narrow from 6.8% of GDP in 2023 to 6.5% this year and further to 5.3% in 2025, while a surplus of 3.1% and 3% is expected in the euro area, respectively.