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Low-productivity economy a legacy of adjustment without transformation
A study by the Hellenic Observatory at the LSE paints a grim picture regarding the outcomes of Greece’s adjustment programmes that intended, in theory, to lead to an economic transformation that would shift the paradigm of economic growth.
The study finds that the Greek economy has undergone a significant but problematic structural transformation over the past fifteen years, dominated by the increasing importance of the Accommodation and Food Service Activities (AFSA) sector, a phenomenon...
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