Great to hear! Greece desperately needs economic growth.
Roaring twenties are overdue to kick in.
Greece is miraculously reviving.
Wait, so the austerity and penny-pinching work?
Sadly debt to GDP is over 200%. As soon as the ECB will raise interest rates to lower inflation all the debt will backfire and absolutely crush the Greek economy.
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Source is Eurostat. Here is the link: https://www.ceicdata.com/en/greece/economic-sentiment-index-seasonally-adjusted/economic-sentiment-indicator
Surprising with covid/omicron effecting tourism
Great to hear! Greece desperately needs economic growth.
Roaring twenties are overdue to kick in.
Greece is miraculously reviving.
Wait, so the austerity and penny-pinching work?
Sadly debt to GDP is over 200%. As soon as the ECB will raise interest rates to lower inflation all the debt will backfire and absolutely crush the Greek economy.
https://tradingeconomics.com/greece/government-debt-to-gdp
This is sadly a fake growth created by debt. The fool’s gold.