The annual progress report of the Greek economy submitted to the EU

The annual progress report of the Greek economy, submitted by the Ministry of Economy and Finance to the Council of the European Union and the European Commission, forecasts a growth rate of 2.3%, an increase in investment of 8.4%, private consumption of 1.7%, exports of 4% and imports of 3.8%, among other things, for the current year. The report is in reference to the targets set in the Medium-Term Fiscal-Structural Plan (MTP) 2025 - 2028, under the revised European economic governance framework (Stability Pact) that entered into force on April 30, 2024.
At the same time, the Harmonised Index of Consumer Prices is projected to decelerate to 2.4% in 2025 from 3% in 2024. The primary government budget balance, taking into account the announced fiscal measures and the 2024 performance, is expected to reach 3.2% in 2025 compared to 4.8% in 2024 and the overall general government balance is expected to be 0.1% in 2025 compared to 1.3% in 2024. The debt-to-GDP ratio declined from 163.9% in 2023 to 153.6% in 2024 and is expected to further decelerate to 145.7% in 2025.
According to the report, the annual growth rate of net primary expenditure is also expected to reach 4.5% in 2025 against a target of 3.7%.