The IMF expects the Greek economy to grow at 2% of GDP this year, while it estimates that in 2025 it will be marginally lower, at 1.9% of GDP.

The estimate expressed in the World Economic Outlook is significantly lower than the one formulated a few days ago by the Bank of Greece. In its report, the Bank of Greece set the bar for this year at 2.3% of GDP in 2024 and for next year at 2.5% of GDP.

However, the IMF report is good news regarding the inflation estimates. The Fund estimates that it will fall from 4.2% in 2023 to 2.7% this year and continue to decline, to 2.1% in 2025.

The estimates also speak of an improvement in terms of the current account balance. The deficit of 6.5% of GDP this year is expected to narrow to 5.3%.

Unemployment will also move downward. It stood at 10.9% last year and this year it is expected to be reduced to single digits at 9.4%. A further decline is expected in 2025, when the Fund expects it to close at 8.7%.