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Greece's Economy Grows Amid Workforce Shortage Threats

2/25/2025

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Summary

Story summary

Greece's economy is set to expand by 2.3% in 2025, outpacing the EU's 1.5% average. Yet, looming workforce shortages and a declining population threaten this momentum, with labor participation lagging 5% behind the EU. Economist Alexis Patelis warns that these demographic issues could slash growth by an alarming 0.5% each year.

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Story summary

Greece's economy is set to expand by 2.3% in 2025, outpacing the EU's 1.5% average. Yet, looming workforce shortages and a declining population threaten this momentum, with labor participation lagging 5% behind the EU. Economist Alexis Patelis warns that these demographic issues could slash growth by an alarming 0.5% each year.