The Economist highlighted Greece as country of the year for 2023, with Prime Minister Kyriakos Mitsotakis speaking of "recognition of the Greek people’s efforts."
"A few years ago, who would have expected that Greece would be named The Economist’s country of the year?" Mitsotakis said in his post, quoting the Economist article.
The Prime Minister attributes Greece being The Economist's Country of the Year to "the Greek people’s efforts."
Kyriakos Mitsotakis in detail:
“A few years ago, who would have expected that Greece would be named The Economist’s country of the year? Yet this is exactly what has happened. A recognition of the Greek people’s efforts, our continuing reforms and our country’s progress," the prime minister wrote in English.
A few years ago, who would have expected that Greece would be named @TheEconomist’s country of the year? Yet this is exactly what has happened. A recognition of the Greek people’s efforts, our continuing reforms and our country’s progress. https://t.co/coLfKanjoX
— Prime Minister GR (@PrimeministerGR) December 20, 2023
"The Economist's Country of the Year 2023"
The Economist highlighted Greece in the top place in the economy as it placed it at the top of the list of 35 countries with the best economic performance for 2023, speaking of “another unlikely triumph”.
According to the Economist’s analysis based on five economic and financial indicators (inflation, “inflation breadth”, GDP, jobs and stock market performance), Greece has the best economic marks among 35 mainly rich countries this year.
“Top of the charts, for the second year running, is Greece—a remarkable result for an economy that was until recently a byword for mismanagement,” wrote the outlet.
Besides South Korea, many of the other standout performances are in America, with the United States ranking third, and Canada and Chile not far away.
According to the Economist, Greece scores some surprising results in terms of the five indicators, on the basis of which the overall score for each country is derived. But what stands out is the increase in the market value of the Greek market by 43.8%.
“But for glorious equity returns, look thousands of miles west—to Greece. There the real value of the stockmarket has increased by over 40%. Investors have looked afresh at Greek companies as the government implements a series of pro-market reforms,” wrote the outlet.
The post by Alex Patelis:
It is noted that the director of the economic office of the prime minister, Alex Patelis, also made a post about the promotion of Greece as the best country for 2023.
“Greece shows that from the verge of collapse it is possible to enact tough, sensible economic reforms,rebuild the social contract, exhibit restrained patriotism—and still win elections. With half the world due to vote, democrats everywhere should pay heed”https://t.co/Nk5o8wLcsr pic.twitter.com/NK4KEhGbEj
— Alex Patelis (@PatelisAlex) December 20, 2023
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