Despite grappling with economic turmoil and austerity measures, Greece has made a notable resurgence, buoyed by bailout support and the end of the COVID-19 pandemic. The country is witnessing a surge in tourism and renewed interest from foreign investors, with its economy expanding by almost 6% in 2022. While growth is expected to slow down in 2023, Greece is still outperforming many of the largest economies in the European Union.
Although there were concerns about a potential “Grexit” from the Eurozone, Greece has defied sceptics. The negative stereotypes of Greece were based on outdated notions from international media.
Even if the country has encountered challenges such as inflation and rising prices, Greece has weathered the storm thanks to international bailout support and investor confidence in Greek bonds. Additionally, positive factors such as per capita GDP, growth, political stability, and banks shedding bad loans could work in Greece’s favour.
Under Prime Minister Kyriakos Mitsotakis, Greece has achieved significant progress and is now the second-fastest growing economy in the Eurozone. While there is still much to be done, Mitsotakis remains optimistic that Greece will be transformed by 2030, thanks to its strong growth trajectory and fiscal discipline.
Despite encountering tough times, Greece’s resilience and determination have paid dividends, positioning the country for a bright future.