In a year marked by challenges globally, Greece emerged as a standout performer,
earning the prestigious title of “Country of the Year” according to ‘The Economist.’
The year 2023 witnessed a plethora of analytical reports from various sources, and
many pointed to Greece’s active ascent in economic indicators. In a sea of
difficulties, Greece stood out as a beacon of success.
Key Factors Behind Greece’s Success:
- Low Base Effect: Greece’s relatively small economy played a significant role in its
impressive performance. The analogy of navigating a massive truck versus a small
passenger car holds true here. Both are possible, but each requires different efforts,
planning, and resources. Greece’s economic resurgence was akin to steering a
smaller vehicle along the road of recovery. - Inflation and Capital Inflow: The Western and Northern European regions became
costlier, prompting people to seek more affordable alternatives. Greece, known for its affordability and boasting 350 sunny days a year
