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The two faces of the Greek economy: Household wealth rises, but savings fall & borrowing grows
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sofokleous10.gr
Property and Investments Are Worth More—But Paychecks Still Fall ShortThe key lies in what makes up household wealth and income.
The rise reflected growth in both financial assets and non-financial assets, with higher property prices playing a particularly significant role.
This finding puts the discussion about household “wealth” into perspective.
The increase in household wealth has been supported by:Strong tourism performance.
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