Greece's economy is projected to grow at a rate of 2.3% in 2024, 2.2% in 2025 and 2.5% in 2026, according to the biannual OECD Economic Outlook report, while for the European Union, it projects that GDP will increase by 1.3% in 2025, 1.5% in 2026 and 0.8% this year. The OECD notes that real household income per person is rising in Greece (that, together with Portugal and Spain, is one of the few OECD member-states with upward revisions of potential per capita growth).Employment growth is projected to ease progressively; nominal wages have increased by 8.6% in the second quarter of 2024 on an annual basis, while labour shortages are historically high.Inflation is expected to reach 2% in late 2026. Disbursements of EU Recovery and Resilience funds will support a spike in investment, with the OECD noting that they will rise from 1.8% of GDP in 2024 to 3.6% of GDP in 2026. It projected that primary surpluses of the order of 2.4% of GDP in 2025 and 2026 will help further reduce public debt to 148.1% of GDP in 2026. (ICE ATENE)

Fonte notizia: OECD Economic Outlook