What real income will look like for Greeks in 2024

Tourists swim in a pool on the roof of a hotel in central Athens. To a large extent, the Greek economy continues to depend on international tourism trends, as work productivity remains low compared to other European nations, says Giorgos Archontas. [AP]

Almost seven in 10 contributors to the Greek Panel of Economists - an initiative of the Scientific Council of the Center for Liberal Studies (KEFiM) that aims to record and present the views of top Greek economists regarding critical matters related to the national economy - are optimistic that the real average income of Greeks will increase in 2024, as long as the prescribed economic policy is implemented in the way that it is described in the national budget.

Even though the national economy's prospects for growth in the new year are positive, inflation and subsequent price increases are diminishing citizens' real income.

At the same time, economic, geopolitical and technological changes are creating opportunities, but also challenges, overturning established practices, plans and economic options.

As a result, the basic prerequisite for a substantial...

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