The rate of expansion of the economy this year would have been just over 1% (compared to the 2.5% predicted in the new Stability Program 2024-2025) if it were not for the resources of the Re- of recovery and sustainability, the main Ministry of the National Economy and Finance. officials admit, confirming the central role of the RRF for the Greek economy.
This assessment also shows that convergence with Europe could take a long time if the Greek economy does not find its own growth potential by the end of the RRF, in mid-2026.
GDP in the European Union is expected to increase by 0.8% in 2024 and 1.5% in 2025, so the difference is not large compared to forecasts for Greece if the effect of the fund is removed , against estimates now for 2.5% in 2024 and 2.6% in 2025. The first requirement is to absorb the available funds in time and allocate them quickly to the real economy.
According to the Sustainability Program, the ministry submitted the receipts of the RRF grants in Brussels on Wednesday, which are expected at 1.5% of the gross domestic product this year, 2% of GDP in 2025 and 2.7% of GDP in 2026.
