Greek Economy Shows Signs of Industrial Revival Amid Myths of Deindustrialization
Greek National Economy Minister Kostis Hatzidakis refuted the notion of complete deindustrialization during his speech at an economic conference, highlighting significant industrial growth. Data from ELSTAT indicates that industry’s GDP contribution rose from 12% in 2019 to 13.8% in 2023, with a 7% increase in industrial employment. Investment surged by 53%, and exports doubled since 2008. Hatzidakis emphasized the importance of policy that balances fiscal responsibility with investment incentives, contributing to job creation and economic stability. He also discussed the need for a more competitive tax environment and ongoing support for skill development.