Economic Climate Index for Greece surpasses EC average since 2014 in imprassive rise

31 July 2019
138 Views

For the first time since 2014, the economic climate index in Greece surpassed that of the Eurozone average, as recorded in official Commission data in July 2019.

Following the victory by the conservative party, New Democracy (ND) in the July 7 national elections, expectations for the recovery of the Greek economy recorded a notable rise.
According to the European Climate Index published every month based on official European Commission data, in July 2019 Greece significantly exceeded the average of the corresponding euro area countries index, a feat achieved for the first time in 5 years.

Greece’s economic climate index climbed to 105.3% in July from 101% in June, as expectations for improved economic performance in trade, industry, services, and manufacturing grew substantially after the political change.
The positive shift in the economic climate index confirms that Greece is on the path of returning to normalcy after the SYRIZA government, and is projected to have a positive impact on drawing foreign investments in the country, provided the new government implements the reforms and program it announced.

You may be interested

The Ancient Greek roots of Feta Cheese
GREECE
shares1648 views
GREECE
shares1648 views

The Ancient Greek roots of Feta Cheese

Panos - Dec 09, 2019

As Greece fights to maintain the name of feta cheese as a Protected Designation of Origin (PDI) product, the Real…

Artwork of banana sold for $120,000 eaten by another artist
ART
shares15 views
ART
shares15 views

Artwork of banana sold for $120,000 eaten by another artist

Panos - Dec 09, 2019

An artwork of an overripe banana duct-taped to a wall that sold for $120,000 (£91,000) has been eaten by a…

Greek boy, 8, with 148.5 IQ is little “Einstein”
GREECE
shares18 views
GREECE
shares18 views

Greek boy, 8, with 148.5 IQ is little “Einstein”

Panos - Dec 09, 2019

He is only eight years old and can calculates complex mathematical calculations in a matter of seconds. Tasos Gerantidis, a…

Leave a Comment

Your email address will not be published.