The bulletin, in collaboration with CEPAL, offers a quarterly, descriptive assessment of global and domestic economic environment with emphasis on real estate market and private debt dynamics. It includes analysis of key macroeconomic indicators, such as GDP and its components, inflation developments and labor market trends. It also reviews fiscal performance, developments in the financial sector, and trends across selected sectors of the economy. A particular focus is placed on the real estate market and its interaction with private debt, drawing on data and analytical insights provided by ReDataset. Each issue features a special thematic section examining specific aspects of the Greek economy. The second issue highlights the evolution of pensions in Greece during 2019-2025.

Global economic activity slowed in the first half of 2026 amid heightened geopolitical uncertainty and energy-related supply shocks. The Greek economy grew by 2.0% year-on-year in Q1 2026, outperforming the Euro Area average of 0.3%, supported by fixed investment and exports. House prices continued to rise, with one-bedroom dwellings recording annual price growth of 5–8% in Q1 2026. Constraints on housing affordability are highly acute. Total private debt reached €417.0 billion in Q4 2025, equivalent to 168% of GDP, driven by credit expansion and the accumulation of overdue debt to the public sector. Debt in arrears stood at €237.8 billion, with overdue obligations to AADE and EFKA accounting for almost 70% of arrears. Total private debt in loans rose to €251.9 billion, driven mainly by business lending. The Non-performing loans ratio held by banks and servicers stabilised at around 30%, with servicers managing 92% of total NPLs. The mean old-age pension has remained broadly unchanged in real terms since 2019, while the pensioner population is ageing and the gap between public and private pensions has narrowed.