DBRS lowers Greece's 2026 growth projection to 1.8% in latest outlook

Morningstar DBRS has slightly adjusted its expectations for the Greek economy, now forecasting a 1.8% expansion in both 2026 and 2027, a 0.1-point cut to its earlier 2026 estimate. The agency’s September baseline scenario still places Greece among the continent’s higher-growth regions, together with the Iberian Peninsula, parts of Central and Eastern Europe, and several Scandinavian countries. In comparison, the major European economies—France, Germany, Italy and the United Kingdom—are expected to record growth of only 0.5% to 1% in 2026, modestly improving to 0.7%-1.2% in 2027.

DBRS highlights a global “technology race,” noting that investments in AI, energy infrastructure, aerospace and defense are driving activity, while rising protectionism and supply-chain diversification are boosting demand for long-term capital and pushing up interest rates. The agency also observed mixed revisions in the third quarter, with energy prices falling for much of the period before rising again in September due to Houthi attacks and concerns over Middle-East oil supplies.