Greece to cut 2026 growth projection due to war in Middle East

Two officials told Reuters that the revision is a direct result of inflationary pressures stemming from the ongoing war in the Middle East. 

Ministry of Finance

Greece is set to lower its 2026 growth projection to 2%, down from an initial estimate of 2.4%, according to a report by Reuters. 

Two officials told the news agency on Tuesday that the revision is a direct result of inflationary pressures stemming from the ongoing war in the Middle East. Specifically, one official noted that the conflict in Iran is driving energy prices higher than previously anticipated.

These updated figures will be included in the medium-term fiscal plan, which Athens is scheduled to submit to the European Commission by the end of this month. While the 2026 budget originally targeted a growth rate of 2.4% and inflation at 2.2%, the new reality of the energy market has forced a more cautious outlook.

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