“Almost ten years of reforms and harsh austerity measures have lastly paid off”, the Occasions newspaper emphasizes for Greece, amongst different issues, in an in depth report wherein the financial knowledge are offered which exhibit that the nation “stood again on its toes after the most important international recession “, as he usually writes.
After the adventures of the debt disaster and the tough rescue applications drawn up by the Worldwide Financial Fund and the European collectors, “issues are actually enhancing” and “the Greek financial system is among the quickest rising within the European Union”, the British newspaper underlines whereas noting that the within the final three years development charges have accelerated. So in 2021 it was 8.4%, in 2022, 5.9% and in 2023 and a couple of.2%.
Unemployment, in flip, fell from 27.2% in 2013 to 10%, whereas non-performing loans of Greek banks have fallen to 7%.
Equally essential, in accordance with the Occasions newspaper, is the course of Greek bonds. The latter for a few decade have been within the lowest class of “junk”, whereas just lately three, out of 4, main ranking businesses raised them to the funding grade.
Relating to Tourism, the Occasions factors out that in 2023 vacationer arrivals in Greece reached 32 million. This is a rise of 17% in comparison with 2022, the newspaper meaningfully notes whereas emphasizing that the forecasts for the present 12 months are even higher as they “present” a brand new document efficiency.
Particular point out is fabricated from the capital as a result of, because the newspaper notes, “Athens has now develop into a vacation spot in itself”, and is not only a transit level for the islands. Its museums have improved whereas each its eating places and bars have develop into extra refined, the Occasions factors out.
In line with the newspaper, the prospects for the actual property market “which has been transferring strongly for the final three years”, in accordance with market gamers, are promising. Lastly, it’s noteworthy that Greece is now ranked among the many high ten nations on the planet with essentially the most installations of renewable power sources.
Supply: RES-MPE
