GREECE
Macro/Political:
• In its Economic Outlook, the OECD stated that GDP in Greece is projected to remain resilient, growing by 2% in 2025 and 2.1% in 2026. Disbursements from the EU Recovery and Resilience Funds will bolster investment, while increases in the minimum wage will support a pickup in consumption, even as exports slow in line with weakening external demand. Headline inflation is expected to ease to 2% in 2026, aided by lower oil prices, despite rising trade costs and persistent inflation in services. Finally, sizeable primary fiscal surpluses are projected for 2025 and 2026, at 2.1% and 2.2% of GDP respectively, underpinned by improved tax compliance.
Source: OECD
• Data released by Eurostat showed that the annual inflation in Greece is expected to be 3.3% in May 2025 from 2.6% in April 2025.
Source: EuroStat
CYPRUS
Macro/Political:
•Data released by Eurostat showed that the annual inflation in Cyprus is expected to be 0.4% in May 2025 from 1.4% in April 2025.
Source: EuroStat
