The Greek economy continues to show a positive outlook, according to the Parliament Budget Office which forecasts growth of 2.2%–2.4% for 2025. The head of the office, Ioannis Tsoukalas, estimated that revenues from the fight against tax evasion may exceed the €1.9 billion predicted in this year's budget, perhaps reaching 2 billion euros. At the same time, he considers the government's target of €2.5 billion in annual revenue from this effort to be realistic, suggesting a reduction in direct taxes as an incentive to boost employment.

According to the quarterly report on the Greek economy, GDP growth of 2.4% in the third quarter of 2024 is mainly attributed to a 2.1% boost in private consumption and a 3.3% rise in exports. Tax revenues continue to show momentum, resulting in a primary surplus estimated at between 2.5% and 2.8% of GDP. Although inflation remains resilient, a deceleration is recorded in the food sector.

Investment is expected to increase by 8% in 2025, driven by the Recovery Fund. The report highlights the importance of reducing the tax and insurance burden on labour, noting that this can act as a catalyst for improving productivity and business competitiveness.

With regard to tax evasion, I. Tsoukalas stressed that this year's revenues from the fight against tax evasion will exceed €1.9 billion. Although he refrained from predicting whether the target of €2.5 billion would be reached in 2025, he stressed that the reduction of direct taxes through interventions in income taxation could act as an incentive for work and investment.

He also mentioned that the Greek economy continues to stand out in the Eurozone, despite international uncertainty, with GDP growth in the third quarter of 2024 more than double the Eurozone average, while private consumption and exports contribute positively. In contrast, public consumption and increased imports had a negative impact. Household and corporate deposits also showed a significant increase, rising by 47.1% between January 2019 and October 2024, according to Bank of Greece data.

Meanwhile, the report noted that the recently approved Budget Plan 2025 forecast growth of 2.3% for next year, with inflation falling to 2.1%. These estimates are in line with the Medium-Term Fiscal Plan 2025-2028, which received the approval of the European Commission. Strong growth, declining public debt and an improving banking system have already led to upgrades to Greece's credit rating, with the country aiming to further strengthen its competitiveness.

Finally, the following remarks are made:

The Office notes among the positive prospects for the Greek economy the strengthening of investment combined with the stability of the economic policy in place and the improvement in financial conditions, as well as the further strengthening of the competitiveness of enterprises through reforms.