“Wallet Speaks Louder Than GDP”: Greece Breaks Into Europe’s Top 5 in Household Income Growth
OECD data reshapes the economic narrative as Greece posts strong real income gains, while debate intensifies over whether recovery is felt or only measured
OECD data reshapes the economic narrative as Greece posts strong real income gains, while debate intensifies over whether recovery is felt or only measured
Greek debt saw a slight dip to 356.7 billion euros by the end of 2023, down from 356.8 billion euros a year prior
Greece's GDP grew 1.9% in the first quarter and 2.6% in the second quarter of the year compared with the same periods in 2022, and by 0.1% and 1.1% on a quarterly basis, the independent statistics service ELSTAT said on Wednesday.
The survey said that in the last quarter of 2022 and early 2023, real consumption continued its growth, reflecting a strong increase in employment, while unemployment is projected to fall from 12.4% last year to 11.2% in 2023 and to 10.4% in 2024