Greece 2nd in eurozone growth

Greece achieved the second highest growth rate in the eurozone in the fourth quarter of 2022, compared to the same period in 2021, according to data published by Eurostat on Wednesday.

However, the composition of the Greek gross domestic product remains qualitatively disadvantaged compared to that of the eurozone, as consumption remains a key driver. The increase in investments is recorded on the positive side and the deterioration of the external balance on the negative side.

Against a GDP increase of 1.8% in the eurozone and 1.7% in the whole of the European Union in October-December 2022, year-on-year, the Greek economy expanded 5.2%, second only to Ireland's rate (13.1%). They are followed by Romania with 4.9% and Malta with 4.7%. Estonia had the worst performance, with a contraction of 4.4%.

Compared to the previous quarter, eurozone GDP in the fourth...