“Growth by 1.7% on a yearly basis is the worst performance since the Covid era”
“ELSTAT’s latest GDP figures in the second quarter show an economy, which loses a pulse,” his finance sector said in a statement PASOK-Making Change.
In particular, he notes that “enlargement by 1.7% on an annual basis is the worst performance since the Covid era” and that “ranges to lower levels than 2.2% of the first quarter”. He adds that along with them “and the anemic GDP increase of 0.6% on a quarterly basis show that it takes a lot of effort to achieve the government’s goal for 2.3% growth in 2025”.
He comments that “even more worrying is the evidence of exports of goods, which decreased by 0.03% on a quarterly basis, while consumption absorbs 88% of the new wealth.”
“In the face of a strong international uncertainty, one wonders: How can Greece build a sustainable and dynamic growth when the economy is not based on solid foundations?” PASOK’s finance sector says to emphasize that “the image is clear: the New Democracy government. Instead of reinforcing the country’s productive base, making the economy more durable and fair, it leaves Greece trapped at moderate growth rates and therefore vulnerable to exogenous disorders. “