Alpha Bank for Greek economy: At 1.8% growth rate for 2026

At the time of expansion the economic climate as opposed to stagnation in the eurozone - The main risk is identified in energy inflation

The remarkable resilience of the Greek economy during the first quarter of 2026 highlights Alpha Bank's new financial developments. Real GDP increased by 2% on an annual basis, significantly exceeding the European average (0.7% in the EU-27), which is pressed by the weak dynamics of strong economies (Germany, France, Italy).

With regard to the economic climate, the ESI indicator confirms that Greece remains stable in an economic expansion phase from September 2021 to May 2026, demonstrating adaptability. On the contrary, the EU-27 is moving in declining orbit and below its long-term average.

The basic risk is identified in energy inflation, which accelerated from 3.1% in February to 4.9% in May. Alpha Bank estimates that development for the whole of 2026 will be at least 1.8%, provided that the US-Iran peace agreement is respected and international energy markets are smoothed.