Warnings on post-RRF GDP

Indications are growing that despite outperforming the European Union average in terms of growth and public finances, the Greek economy has not developed the momentum that would allow high performance to be achieved in the medium term. On the contrary, forecasts point to a slowdown after the Recovery and Resilience Fund's resources are exhausted.

On Tuesday the International Monetary Fund published its World Economic Outlook forecasts, according to which Greece's growth rate will be 2.3% this year (compared to 0.8% in the eurozone), but will decline to 2% in 2025 (against 1.2% in the eurozone) and to 1.2% in 2029.

Although marginally improved compared to the spring forecasts, these estimates show that the IMF is sticking to its pessimistic medium-term assessment. Moreover, a similar forecast was adopted by the Greek Medium-Term Fiscal Structural Program following the...