Greece ranked first in the magazine’s list of best-performing economies for 2023 Economist.
This is the second time in a row that Greece has received this title. As stated in the publication, the real value of the Greek stock market increased by 40%. However, experts emphasize that the country is still “poorer than in the early 2010s.” The Economist ranked countries according to five indicators: inflation, employment, GDP, employment and stock market.
South Korea, the USA, Israel and Luxembourg were also in the top five. England, Sweden, Slovakia, Austria, Iceland and Finland complete the ranking.
In 2010, Greece asked for help from the European Union to avoid default. He was provided with three support packages between 2010 and 2015. During these years, Greece’s GDP decreased by 25% due to budget savings.
In August 2018, the country successfully completed its third external macro-financial assistance program and exited the strict creditor control mechanism.
Before that, Moscow and St. petersburg fallen in world rankings.
previously economist named The most reliable currency in the world.