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The Greek economy can conclude a successful year

The Greek Prime Minister announced at the Thessaloniki International Forum that Greece will close out a much better economic year than expected. Kyriakos Mykotakis said the government originally expected a 3.6 percent increase by 2021, but it is now likely to be closer to 6 percent.

In the Eurozone, Greece achieved outstanding economic growth in the second quarter, with seasonally adjusted GDP rising by 3.4 percent q-o-q, and an increase of 16.2 percent y-o-y.

Eurozone GDP grew by 2.2 percent on a quarterly basis and 14.3 percent on an annual basis in the second quarter of this year. Greek GDP fell by 8.2 percent last year due to the pandemic.

Unemployment also fell to its lowest level since March last year. The Greek Statistics Office said the rate in June fell to 15 percent from 15.8 percent in May. Unemployment in Greece was highest last June at 17.8 percent.

And the number of unemployed people in June of this year reached 700 thousand and 990, which is about 32 thousand less than in May and less by 123 thousand than last June.

The unemployment rate among those aged 15-24 fell to 28.3 percent in June from 38.5 percent a year earlier, and among those aged 25-74 fell from 16.9 percent to 14.3 percent.

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