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Greece sees growth at 2.3% in 2025, Greek fiscal council says

BY Reuters | ECONOMIC | 09/30/24 05:26 AM EDT

ATHENS, Sept 30 (Reuters) - The Greek economy will continue to grow at rates above 2% of GDP next year, outperforming most of its peers in eurozone, thanks to strong tourism and investments, the country's fiscal council said, citing the government's mid term economic plan.

The council, an advisory body, also said that the government trimmed its estimate for 2024 to 2.2% from 2.5% previously, as stagnation in big euro zone countries affects investment and exports. (Reporting by Lefteris Papadimas)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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