Greece's GDP Is Recovering, But Investment Still Lags - and It's Holding Back Real Growth
For the first time since the financial crisis erupted in 2009, the country's gross domestic product is expected to exceed €240 billion in 2025, returning to its pre-crisis nominal size. After more than a decade of economic hardship, Greece is finally on the cusp of a symbolic recovery. For the first time since the financial crisis erupted in 2009, the country's gross domestic product is expected to exceed €240 billion in 2025, returning to its pre-crisis nominal size. This marks a long-awaited moment for the Greek economy, which has remained the only one in the European Union not to surpass its pre-austerity GDP levels. But beneath the headline figures, the picture is more complex - and less encouraging. The GDP rebound conceals persistent structural weaknesses, the most pressing of which is Greece's chronic underperformance in investment. Despite substantial inflows from EU structural funds and the EU Recovery and Resilience...
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