Greece's Economic Recovery Slowing Amid Global Headwinds

GDP Growth Expected to Moderate

Greece's economic growth is set to slow down in the coming months due to challenging global conditions and a slowdown in the eurozone. Despite this, the country's economy is still expected to grow at twice the eurozone average, and unemployment, while still high at 11%, is continuing to decrease.

Government Measures to Support Economy

The Greek government has implemented a number of measures to support the economy, including tax cuts and increased spending on infrastructure and social welfare programs. These measures are expected to help offset the impact of the global economic slowdown and provide a boost to domestic demand.

Long-Term Challenges Remain

Despite the positive outlook, Greece still faces a number of long-term challenges, including high levels of public debt and a need for structural reforms to improve the competitiveness of the economy. The government is working to address these challenges, but it is likely to take time to see significant results.

Published on October 29, 2023 at 10:00 AM Paris | 7 min. read