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Greece’s Economy’s Outstanding Recovery

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  • Theodore Pelagidis
  • Eleftheria Kostika

Abstract

Growth in Greece’s GDP ran faster than the Eurozone average in 2022. Foreign direct investment reached record highs and tourism rebounded at 2019 levels. The country proved resilient to the energy crisis despite the worsening macroeconomic outlook in the euro area. Regaining investment grade status in 2023 is a feasible target as the distance from this milestone is just one step and Greece’s credit profile has substantially improved. Over the coming years, will Greek economy continue to achieve considerable and sustainable growth rates? The pandemic and energy crises have further increased the urgent need to tackle both long-standing and looming challenges.

Suggested Citation

  • Theodore Pelagidis & Eleftheria Kostika, 2023. "Greece’s Economy’s Outstanding Recovery," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 24(1), pages 109-140, January.
    • Handle: RePEc:wej:wldecn:888
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