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World War II (1939–1945) devastated the country's economy, but the high levels of economic growth that followed from 1950 to 1980 have been called the Greek economic miracle. [56] From 2000 Greece saw high levels of GDP growth above the Eurozone average, peaking at 5.8% in 2003, 5.4% in 2004 and 6.4% in 2006. [ 57 ]
Today, KEPE is a leading economics research institute in Greece. It focuses on applied research projects concerning the Greek economy, and provides expert advice to the Greek government on economic and social policy issues. [1] [3] In April 2019, the Greek government formally appointed KEPE as the National Productivity Board for Greece. [4]
The Greek economic program was a macroeconomic stabilization with reforms including higher taxes on the middle class and pension cuts amounting to 3.5 percent of GDP (or surplus) until 2022. The Greek government promised to relax capital controls and preserve labor-market reforms, liberalizing Sunday trade and facilitating investment.
In March 2019, Greece sold 10-year bonds for the first time since before the bailout. [30] In March 2021, Greece sold its first 30-year bond since the financial crisis in 2008. [31] In 2024, the Greek economy is forecast to grow nearly 3%, meaning it approaches its pre-crisis size of 2009 and far outpacing the euro zone average economic growth ...
In sum, the treatise provides a view of Fourth-century Greek economic practices from the macro levels all the way down to various micro levels. Observing these can still be relevant today. The third book is only known from Latin versions of the original Greek and deals with the relationship between husband and wife.
Furthermore, the Euro countries agreed on a plan to cut the debt of Greece from today's 160% to 120% of GDP by 2020. As part of that plan, it was proposed that all owners of Greek governmental bonds should "voluntarily" accept a 50% haircut of their bonds (resulting in a debt reduction worth €100bn), and moreover accept interest rates being ...
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The Economy 2.0 is the second edition of The Economy 1.0, CORE Econ's original introductory economics textbook. A complete rewrite of The Economy 1.0, The Economy 2.0 brings together the latest research in economics and related disciplines, with the feedback CORE Econ have received over the years from committed instructors.