Greece has secured the top spot in the Economist’s “Economic Performance Rankings” for 2023, for the second consecutive year, hailing it as “another improbable triumph.”
Based on The Economist’s analysis, grounded in five economic and financial indicators (inflation, “inflation breadth,” GDP, employment, and stock market performance), Greece maintains its lead in economic performance among 35 primarily affluent nations for the current year.
According to The Economist’s analysis, which relies on five economic and financial indicators (inflation, “inflation breadth,” GDP, employment, and stock market performance), Greece outshines other nations, with notable performances in the Americas aside from South Korea. The United States secures the third position, closely followed by Canada and Chile. In contrast, several European nations, including the UK, Germany, Sweden, and Finland, the latter being the last on the list, are highlighted as “laggards” by The Economist.
The report underscores Greece’s “remarkable results” across the five indicators, contributing to its overall top-ranking position. A standout factor is the 43.8% increase in the stock market value of the Greek market. The article points to Greece for “glorious stock returns,” emphasizing the significant growth in the stock market’s real value.
Investors are once again showing interest in Greek companies as the government implements market-friendly reforms. The report extensively discusses the underwhelming economic performances of countries like Germany, the United Kingdom, Ireland, and Finland. Regarding Greece’s top ranking, The Economist concludes with a touch of humor, stating, “While the Finns, underwhelmed, can console themselves this Christmas by drowning their sorrows in a päntsdrunk (local drink), the rest of the world should raise a glass of ouzo to this unlikely champion.”
