Oil rewrites the Bank of Greece’s forecasts: growth at 1.9% from 2.1% last year, inflation above 3%

The maturation and ostentation forecasts for the Greek system person forced the Bank of Greece to reverse its forecasts for the Greek economy, growth, and inflation. In its yearly study presented yesterday by the Governor of the Bank of Greece, Yiannis Stournaras, an system with “two faces” is revealed:

– On the 1 hand, an system that for the 5th twelvemonth successful a enactment is increasing overmuch faster than the eurozone, with unemployment astatine a 16-year debased and nationalist indebtedness successful escaped fall.

– On the different hand, 2026 abruptly brings the system look to look with a caller vigor daze – from the Middle East this clip – that halts the deceleration of inflation, slows growth, and brings backmost the information everyone thought they had near behind: stagflation.

Bank of Greece Governor Yiannis Stournaras spoke astatine the General Meeting of Shareholders successful a code that is hard to get utilized to from cardinal bankers: some optimistic and cautionary. “The Greek system is successful a stronger presumption than successful the past,” helium said… And instantly afterwards, helium announced a downward revision of the forecasts!

With the caller data, the BoE is revising its maturation complaint for 2026 to 1.9%, from 2.1% past year. But the representation is worse for the eurozone arsenic well: maturation of 0.9% successful 2026, down from 1.4% successful 2025.