IMF Staff Country Reports

Greece: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece

April 7, 2025

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Format: Chicago

International Monetary Fund. European Dept. "Greece: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece", IMF Staff Country Reports 2025, 085 (2025), accessed April 7, 2025, https://doi.org/10.5089/9798229004589.002

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Summary

Greece's near-term economic outlook remains favorable, establishing a solid foundation to address remaining crisis legacies and structural imbalances necessary for achieving sustainable growth in the medium to long term. Real GDP has continued its robust expansion, driven by public investment and structural reforms in the context of the Next Generation EU (NGEU), alongside steady growth of private consumption. The public debt-to-GDP ratio, while still high, is on a firm downward trajectory. However, remaining crisis legacies and structural challenges arising from the still low level of overall investment, an unfavorable demographic outlook, sluggish productivity growth, and increasing climate risks are weighing on medium-term growth prospects.

Subject: Financial institutions, Financial sector policy and analysis, Financial sector stability, Inflation, Labor, Labor force participation, Labor markets, Loans, Macrostructural analysis, Prices, Production, Productivity, Public debt, Revenue administration, Structural reforms

Keywords: Expenditure, Financial sector stability, Inflation, Labor force participation, Labor markets, Loans, Productivity, Structural reforms

Publication Details

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