Greece: Navigating in Turbulent Waters

Dimitri B. Papadimitriou, Giuliano Toshiro Yajima and Gennaro Zezza

Economics Strategic Analysis Archive from Levy Economics Institute

Abstract: Recent narratives on the Greek economy emphasize a strong recovery, fiscal discipline, and improved financial credibility. While official statistics indeed point to positive developments--such as output growth, declining unemployment rates, rising minimum wages, and sustained primary fiscal surpluses--these indicators only partially capture the broader macroeconomic landscape.

Date: 2026-04
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