EFSyn features the latest Strategic Analysis from the Levy Institute’s Macro-Modeling Team, “Greece: Growing on an Unsustainable Path”
The Greek journal, EFSyn featured the predictions of the Levy Institute’s Macro-Modeling Team in a report over the weekend:
The authors of the report (D. Papadimitriou, N. Rodousakis, G.T. Yajima, G. Zezza) clash with the over-optimism of the government, the EU, the IMF and the OECD and predict a 1.3% decrease in Greek GDP in 2026, a decline in consumption, a surge in the external deficit and a reversal of the surplus in the state budget into a deficit (even if the primary surplus is maintained). And this is the basic scenario, based on neutral assumptions, drawn from existing economic data, that is, without introducing into the equation possible “upheavals” in the international or domestic environment (e.g. the impact of the tariff war).
The Strategic Analysis, “Greece: Growing on an Unsustainable Path,” written by Senior Scholars Dimitri B. Papadimitriou and Gennaro Zezza and Research Scholars Nikolaos Rodousakis and Giuliano Toshiro Yajima marks the Greek dependency on imports and other economics trends in order to question the resilience of economic growth.