What is hindering economic growth in Greece? - Housing crisis and labor shortage, among the main factors
The housing crisis, the lack of a skilled workforce and the inefficient functioning of the judicial system constitute, according to Goldman Sachs, the main challenges for the Greek economy. The American bank describes how the Greek economy has managed to stand out across the eurozone since 2019, but also how some specific problems could threaten the maintenance of this positive trend.
Economic activity in the country remains strong, with indicators signaling continued growth. Since 2019, productivity has gradually recovered, driven by rising investment, while Greece's GDP per capita has recorded the highest growth in Southern Europe, above the eurozone average.
However, Goldman Sachs emphasizes that despite improvements in the macroeconomic landscape, Greece faces three main challenges to expanding its growth potential.
The first is the crisis in the real estate market. After years of sluggish construction activity due to the sovereign debt crisis, the real estate sector in Greece rebounded in 2022 and construction resumed. This recovery is promising, but careful management is needed to achieve a gradual improvement.
The second challenge is related to the labor market. Although Greece, especially since 2019, has performed better than the eurozone in this regard, with an increase in employment rates, many qualified workers remain unemployed or underemployed, according to Goldman. Closing this gap requires initiatives aimed at retraining and upgrading skills, helping the workforce adapt to the changing demands of the economy.
Finally, Greece must confront its judicial system, which continues to have efficiency problems, particularly in resolving commercial disputes. Continued political focus on this sector is needed to promote a more reliable and timely system that supports investment, Goldman underlines.
New tourist trail in Dumre - Aims to increase access and visitors
The Municipality of Belsh has announced the opening of the competition for the creation of the tourist trail Lake Degës - Lake Çestije - Lake Merhojes and......
Who should increase the value of property? - Property revaluation, costs and benefits
From January 1, 2026, Albanian citizens will have the opportunity to revalue their assets at a 5% tax rate, with the aim of bringing cadastral values......
European green hydrogen market faces obstacles - High production costs and uncertainty, among the biggest challenges
The European Union's goal of producing 10 million tons of renewable hydrogen by 2030 is at odds with current market realities due to fuel production costs......
Bad loans return to decline in October/Non-performing loans indicator fluctuates, but remains at healthy levels
The latest data from the Bank of Albania shows that after a period of stability for several months, the level of non-performing loans increased slightly......
What happened in the foreign exchange market today – Slight fluctuations for the Swiss Franc
The US dollar has managed to stabilize this morning after a slight but continuous decline it suffered during these days, as it was bought today at 82.5 lek......
France approves social security budget - National Assembly approves bill amid political tensions
The Social Security Financing Bill was narrowly passed by the lower house of the French parliament. It was a major victory for Prime Minister Sébastien......
“2025, the second or third hottest year on record” - EU scientists: Global warming at dangerous levels
This year is expected to be the second or third hottest on record, potentially second only to 2024, which set record temperatures, according to the European......
Investors "choose" Kosovo - Foreign direct investments increased by 20% in 2025
Net foreign direct investment (FDI) inflows into Kosovo reached 730.2 million euros in the first nine months of 2025, up from 605.7 million euros in the same......
