The Economist: Greece Among Top Economic Performers in 2024

In a notable rise to prominence, Greece, along with Spain and Italy, has been named among the top five global economic performers for 2024, according to The Economist. This marks the third straight year of increased economic recognition for the Mediterranean region.

Historically lagging behind their northern European neighbors, the Economist suggested that Greece and its Mediterranean counterparts “deserve a fiesta” for their impressive economic gains.

Greece shares the third spot on The Economist’s list with Denmark. The country’s GDP grew by 3.7% from Q4 2023 to Q3 2024, its national share prices saw an average increase of 10.6%, and its inflation rate stabilized at 3.5%.

These metrics are part of five key criteria The Economist uses to evaluate economic performance.

Additionally, Greece’s unemployment rate dropped 0.6%, reaching its lowest point in a decade, reflecting a positive employment trend also seen in Italy and Spain.

Greece reported a fiscal surplus of 2.1% of GDP, another factor considered in the rankings.

Spain led The Economist’s list with a GDP growth of 3.5%, a 17.1% rise in share prices, and an inflation rate of 2.4%.

Ranking fifth, Italy recorded a GDP growth of 0.6%, a share price increase of 12.4%, and an inflation rate of 1.8%.

Ireland claimed the second spot, benefiting from its status as a technological hub.

Meanwhile, traditional European economic leaders Germany and the UK found themselves further down the list, ranking 23rd and 31st, respectively.

link: https://greekcitytimes.com/2024/12/12/the-economist-greece-among-top-economic-performers-in-2024/