kathimerini.gr
Greek Business Sales Surge €15.5 Billion in 2024
Driven by consumption, high prices, and inflation, Greek businesses saw a €15.5 billion sales increase in 2024; real estate management, retail, and hospitality led the growth, while the energy sector experienced a €6.01 billion decline.
- Which sectors experienced the most significant sales growth and decline in 2024, and what factors contributed to these trends?
- This surge follows a 2020 downturn where only 23 out of 87 economic sectors saw sales growth. The 2024 increase marks the highest total in the 2019-2024 period, exceeding the 4.1% growth from 2023.
- What were the main economic drivers behind the substantial increase in Greek business sales in 2024, and what are the immediate consequences?
- In 2024, Greek businesses experienced a €15.5 billion increase in sales, driven by consumption, high prices, and inflation. Real estate management, retail, and hospitality sectors showed the highest sales increases.
- What are the potential long-term implications of the energy sector's decline and the continued reliance on high consumption for economic growth in Greece?
- The significant increase in real estate management sales (€3.67 billion, 176%) is largely attributed to the Attica Tollway concession. Looking ahead, continued high consumption could sustain growth, but energy sector decline (€6.01 billion, 14%) indicates potential vulnerability.
Cognitive Concepts
Framing Bias
The article frames the economic situation positively by emphasizing the significant increase in tax revenue and the strong performance of certain sectors. The headline (if any) and introduction likely focused on these positive aspects, potentially overshadowing the negative aspects. The sequencing presents the positive news first, thereby influencing reader perception.
Language Bias
The language used is mostly neutral; however, phrases like "significant increase" and "strong performance" could be considered slightly loaded. More neutral phrasing could be used, such as "substantial increase" or "robust performance". The article uses numerical data to support claims which is good journalistic practice.
Bias by Omission
The article focuses heavily on the increase in tax revenue and the top performing sectors, but omits discussion of the overall economic health beyond tax revenue. While mentioning the energy sector's decline, a more comprehensive overview of other struggling sectors and the reasons for their struggles would provide a more balanced perspective. The impact of inflation and rising costs on businesses, consumers, and the overall economy is not thoroughly explored. The potential negative consequences of increased consumption fueled by inflation are not addressed.
False Dichotomy
The article presents a somewhat simplified view of the economic situation by primarily highlighting the growth in certain sectors without sufficiently acknowledging the challenges faced by others. While acknowledging the decline in some sectors, it doesn't offer a nuanced exploration of the complexities of the economic landscape. It doesn't fully consider that high consumption and inflation may have negative long term effects.
Sustainable Development Goals
The article highlights a significant increase in sales across various sectors of the Greek economy in 2024, exceeding €15.5 billion. This surge in economic activity indicates positive growth and potentially more job opportunities, contributing to decent work and economic growth. Specific sectors like real estate management, retail, and hospitality experienced particularly strong growth, further supporting this positive impact. The increase in sales is the highest in the six-year period 2019-2024, indicating a sustained positive trend.