The Economy of Greece
Recovery and Exit
Greece exited its bailout programmes in 2018 and returned to growth, regaining investment-grade credit ratings by 2023.
A slow comeback.
Exit
The final programme ended in August 2018.
Primary surplus
Greece ran budget surpluses before interest payments.
Growth
The economy grew after the pandemic, helped by tourism and EU recovery funds.
Ratings
Credit agencies restored investment-grade ratings in 2023.
Back to markets
Greece issued bonds again and borrowed at lower rates.
Assuming the crisis is fully behind
Debt remains high and incomes have not fully recovered.
Key takeaways
- The last programme ended in 2018.
- Primary surpluses were achieved.
- Growth resumed.
- Ratings recovered by 2023.
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