Growth rises to 2.3% in Q2

The Greek economy expanded at a rate of 2.3% in the second quarter of 2024 compared to the same period of the previous year. That is a pace in line with the government's forecast for 2.5% growth for the year overall, according to economists, although most forecasts are still in the 2% to 2.4% range.

On a quarterly basis, moreover, growth was at 1.1%, a rate that ranked the Greek economy in second place in Europe, after Poland, according to Friday's Eurostat data.

That gave Prime Minister Kyriakos Mitsotakis the opportunity, a day before his speech at the Thessaloniki International Fair on Saturday, to talk about "encouraging news," adding: "However, for growth to be meaningful, it must translate into even more, better-paid jobs, increased disposable income and reducing inequalities. More in my speech at TIF."

However, the individual characteristics of GDP...