The strongest growth this year in Europe?
In addition to Malta (6%), it should be Spain (5.6%), ahead of Portugal (5.5%) and Ireland (5.5%), then Greece (4.9%).
Italy, for its part, reached 4.1%, after 6.5% in 2021, according to the latest forecasts from the European Commission published on Thursday.
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“All the disadvantages of mass tourism disappear”: these French people who take advantage of the Covid to travel
Long considered by some northern neighbors as a drag, the “Club Med countries” are taking their revenge.
In 2023, apart from Italy, they will still post an increase in their GDP higher than the average for the euro zone – better than certain locomotives such as Germany or the Netherlands.
Admittedly, these vigorous rebounds are largely proportional to the extent of the Covid-related recession in 2020, which particularly hit these countries highly dependent on tourism.
But in this historic crisis, the solidarity reaction of the Twenty-Seven via the exceptional recovery fund based on shared debt of 750 billion euros has played its role as a shock absorber.
Combined with injection...
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