Greek households are the most pessimistic in the European Union about
Greek households are the most pessimistic in the European Union about their financial prospects, with most expecting their situation to worsen and planning to cut back on spending, according to the latest consumer survey.
Research by the Foundation for Economic and Industrial Research (IOBE) shows Greek consumers remain deeply concerned about the cost of living, with many struggling to make ends meet. The findings point to mounting financial pressure at the start of the new year, as households grow more cautious about their budgets and major purchases.
Majority expect finances to worsen
About 60% of households expect their financial situation to slightly or significantly deteriorate over the next 12 months, while only 4% foresee a small improvement. Negative expectations about household finances strengthened in January, with the relevant indicator falling to -46.4 from -42.6.
Looking back at the past year, 67% of households said their financial situation worsened, while just 2% reported a slight improvement.
Growing concern about the national economy
Pessimism extends to views of the broader economy. Seven in 10 consumers expect Greece’s economic situation to worsen over the next year, while 19% anticipate stability. The indicator measuring expectations for the country’s economy declined
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