The statistical and economic reality for Greece in 2018

The statistical and economic reality for Greece in 2018

Statistics and figures may not always tell the whole truth, as many say, but they can capture with high definition part of the reality that exists in Greece. An infinite amount of ink has been poured on how the situation would be if there hadn’t been a change in the country’s government, and more so whether 2018 is worse in economic and social terms compared to 2014.

Many times the statistics come close to reality, but there are also cases where reality is captured in statistics. For example, the approximately 350.00 new jobs that were created over the last three years, are a tangible – realistic element that does not refer to money units but to human ones. Besides, a comparison of the unemployment rates between 2014 and 2018 clearly illustrates the above.

Not all measures are the same

The amount of measures taken during the three Memoranda of Independence shows the targeting of each government. During the five-year period 2010-2014, the PASOK and ND governments took EUR 65 billion of negative measures and 0 positive ones, when positive measures of over EUR 3.6 billion were taken in the period 2015-2019, while during the third Memorandum the negative measures were EUR 9.93 billion. In fact, the targeting of positive measures, either in the form of social dividends in the last three years, or in the form of permanent tax cuts and increases in social spending for 2019, was to the so-called small and medium economic strata, which have suffered the main “burden” of the crisis.

Moreover, the current state of the country’s financial situation looks better than in 2014, and this is recorded in almost all economic indicators, which in turn predict the improvement of real life and, in particular, the social groups that have the most need./IBNA