Recovery of the Greek Economy

THE GREEK ECONOMY HAS BEEN RESILIENT THROUGHOUT THE CRISIS Economic activity strongly recovered in Greece as early as in Q1 2021, while unemployment has decreased as compared to the pre-crisis level Greece economic downturn has been in line with peers in 2020 while its economic rebound in Q1 2021 is more pronounced 2020 real GDP growth 4,4% 2021 Q1 real GDP growth (6,6%) (7,6%) (8,1%) (8,2%) (8,9%) (10,8%) Euro Zone Source: ELSTAT, European Commission 0,1% (0,1%) (0,3%) (0,5%) (3,3%) Euro Zone Greece labour market has been resilient, with a stabilisation of unemployment at 15.4% Variation in Unemployment rate March 2020 - May 2021 (percentage points) +0,8 +0,8 (0,7) +0,1 Source: European Commission RESILIENCE OF THE GREEK ECONOMY Euro Zone +0,9 +3,0 3

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