What is the Greek economy like?
The Greek economy has undergone significant changes in recent years. After the global financial crisis in 2008, Greece was hit hard by the European debt crisis. The country received several bailout packages from the European Union and the International Monetary Fund, in exchange for implementing strict austerity measures.
Despite this, the Greek economy has been showing signs of improvement in recent years. In 2019, the country achieved a 1.9% growth in GDP, which was the highest since 2007.
However, there are still several challenges that the Greek economy faces. The country has a high level of public debt, which is currently around 180% of GDP. Additionally, the country is faced with high levels of unemployment, especially among young people.
One area where the Greek economy has been making progress is in attracting foreign investment. The country has a highly educated workforce, and several sectors, such as tourism and shipping, are showing strong growth potential. Additionally, the government has been implementing several reforms aimed at improving the business environment and reducing bureaucracy.
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