The Greek economy is forecast to grow by 2.4 percent this year and 2 percent in 2024, before again rising again to 2.4 percent in 2025, the Organisation for Economic Co-operation and Development (OECD) revealed on Wednesday, as part of its survey report
The organization said Greece’s strong economic rebound in the post-pandemic period is being tested by surging energy and food prices as well as renewed geopolitical uncertainty.
According to survey, continued policy reforms over recent years have been a key factor driving Greece’s robust post-pandemic recovery, putting the economy in a stronger position to face current turbulence.
GDP has returned to pre-pandemic levels, the OECD said, helped by effective government support, rising tourism and exports, as well as improved investor and consumer confidence. Growth in employment has been strong, creating more than a quarter of a million new job spots, even before the pandemic. Currently, the unemployment rate in Greece is at a 12-year low, at 11.6 percent.
To sustain the recovery, the survey recommends a more efficient allocation of public spending, boosting public revenues, improving the operation of the labor market and maintaining policies to ensure a more dynamic business sector.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Developing the Blue Carbon Economy in Greece
Can Greece make money by protecting its marine environment?
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%
![Τουρισμός: Η Αθήνα στις 10 ελκυστικές ευρωπαϊκές πόλεις για ξενοδοχειακές επενδύσεις – Πού υστερεί η Θεσσαλονίκη [πίνακας]](https://www.ot.gr/wp-content/uploads/2022/08/hotel-g0908c6995_1920-90x90.jpg)
