The Greek economy is expected to grow by 2.4% this year and by 2% in 2024, then by 2.4% in 2025, the OECD said in its economic survey report published on Wednesday, reports ANA.
The Paris-based organization noted that Greece’s strong economic rebound from the COVID-19 crisis is being tested by soaring energy and food prices and renewed global uncertainty. .
The survey highlights that continued policy reforms in recent years have been a key factor in the country’s strong post-pandemic recovery and have put the economy in a stronger position to weather current headwinds.
GDP has returned to pre-pandemic levels, thanks to effective government support, a recovery in tourism and exports, and improved investor and consumer confidence. Job growth has been strong, creating more than a quarter of a million new jobs before the pandemic began, bringing the unemployment rate to a 12-year low of 11.6%.
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