Economy · Cyprus

State Budget Office lowers growth forecast to 1.9% for 2026

3 sourcesFirst reported 20 days agoUpdated 20 days ago

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The State Budget Office has revised its growth forecast for the Greek economy in 2026 to 1.9%.
This adjustment reflects expectations of lower growth due to the ongoing conflict in the Persian Gulf.
The early economic impacts of the crisis in the Middle East are becoming evident in both European and Greek markets.
The Budget Office remains cautiously optimistic about the overall condition of the Greek economy despite this reduction in growth expectations.

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The Hellenic Budget Office has revised its growth forecast for the Greek economy in 2026, lowering the expected increase in GDP to 1.9%. This decision is attributed to the early economic impacts of the ongoing conflict in the Middle East, particularly the war in the Persian Gulf, which is causing ripple effects across European and global markets.

The adjustment reflects ongoing concerns about external factors affecting the economy, aligning with recent forecasts that predict lower growth rates in several countries due to geopolitical tensions. The Greek government is preparing to address these challenges, and recommendations have emerged concerning housing policy to mitigate potential adverse effects on domestic housing markets. However, specific proposals regarding housing were not detailed in the reports.

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