Declan Costello, Deputy Director General of the Commission's Directorate General for Economic Affairs, who spoke on a panel at The Economist's 28th Annual Economist Government Roundtable, reaffirmed the positive narrative for the Greek economy, which has transitioned from a struggle for survival to reforms for its full upgrade.
In particular, Mr. Costello stressed that there is optimism about the performance of the Greek economy and its prospects. A rapid and strong recovery from the energy crisis has been observed, while the growth rate of our country is expected to move in the region of 2% or more, "certainly significantly above the European average.".
He stated that every economic indicator, including those for finance, unemployment, and banking, is in the right direction. He added that while Greece faces a number of difficulties due to demographics, an aging population, and the climate crisis, it has enormous potential.
According to him, per capita income is significantly below the European average and is a "structural thorn," while the labour market picture is also a concern, with the gap, especially for women, being marginally wider, he was quick to add. Summing up, he reiterated that the performance and prospects of the Greek economy are good, the potential is huge, and he expressed his satisfaction.