Greece projects 2.3 pct growth in 2027 budget draft -Xinhua
ATHENS, Oct. 5 (Xinhua) -- Greece's government on Monday submitted its draft 2027 budget to parliament, projecting gross domestic product (GDP) growth of 2.3 percent, continued declines in unemployment and public debt, and a primary budget surplus of 3.3 percent of GDP. The draft budget, submitted to parliament's Standing Committee on Economic Affairs, forecasts growth well above the eurozone average of 1.2 percent projected for 2027. Investment and private consumption are expected to be the main drivers of growth in 2027, rising by 7.9 percent and 1.5 percent, respectively, according to the National Economy and Finance Ministry. The draft budget projects public debt to fall from 146.1 percent of GDP in 2025 to 136.8 percent in 2026 and 128.8 percent in 2027, while the unemployment r...