The key points for Greeec’s economy

Bank of Greece governor, Yannis Stournaras, presented his predictions for the economy, growth, banks and investments for 2026 in a speech at the Hellenic Institute of Customer Service, while also referring to the role of the Recovery Fund in the current and future economy.

He also highlighted the broad challenges that the domestic economy is expected to face in 2026 and in the coming years.

Economic growth & inflation

Starting his speech, the Governor of the Bank of Greece stated that according to the Bank of Greece’s current estimates and forecasts, GDP growth is expected to have reached 2.1% in 2025, while it will stand at 2.1% in 2026, significantly exceeding the average growth rate of the eurozone, estimated at 1.3% in 2025 and 2026. Regarding investments, he said that they are expected to increase over 8.5% in 2026.

The most basic component of growth is expected to be consumption, while investments and exports will continue to contribute positively.

Private consumption is seen growing at a rate of approximately 2.0% in 2026, investments are also estimated to increase in 2026 at a rate of just over 8.5%, while after the end of the Recovery and Resilience Facility (RRF) in 2026, their growth rate is estimated to moderate.

Consequently, the Greek economy is projected to record growth rates of 2%, “higher compared to the euro area, for both the next two years, 2027 and 2028,” he pointed out.

At the same time, the growth rate of exports is expected to accelerate in 2027 and 2028, while that of imports is expected to slow down, due to the projected improvement in competitiveness.

Harmonized inflation is estimated to have decreased marginally to 2.9% in 2025, while it is expected to fall further to approximately 2.2% in 2026 and 2027. However, in 2028 it is expected to increase once again to 2.5%, due to the integration of the impact of the expanded emissions trading system in the energy component of the Harmonized Index of Consumer Prices, explained Stournaras.