HSBC Sees Steady Greek Growth Amid Slow Inflation Decline

Greece’s economy is expected to maintain steady growth slightly above 2% through 2027, according to HSBC’s latest European outlook. The bank projects GDP expansion of 2.2% in 2025, 2.1% in 2026, and 2% in 2027 — signaling continued but moderate momentum.

Gradual Fall in Inflation

Inflation in Greece is forecast to decline slowly, with HSBC estimating 2.8% in 2025, dropping to 2.2% in 2026 before edging up again to 2.3% in 2027. The country’s debt ratio is expected to fall steadily, from 143.4% of GDP this year to 135.9% in 2026 and 129.4% in 2027. The national budget is projected to maintain a small surplus of 0.8% in 2025 and 0.2% in each of the following two years.

Eurozone Inflation Under Control

Across the Eurozone, HSBC sees inflation broadly contained, staying within 0.2 percentage points of the European Central Bank’s (ECB) 2% target since March. The bank notes the ECB is in a “good position,” with inflation expected to