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Economy

The Three T’s – Tourism, Trade, Transport – Drive Greek Recovery

ATHENS – Tourism is leading Greece’s accelerating recovery during the waning COVID-19 pandemic but the comeback is being aided by transport and trade too.

Those three sectors have gone up 20.3 percent in a year, said Alpha Bank’s economic bulletin, which showed that in the first half of 2022 the output showed strongly in hotels as well, said GTP Headlines.

Alpha Bank analysts said the contribution of those sectors was expected to continue in the third quarter, which ended Sept. 30, after the Bank of Greece said the economy is on a curve to rise some 5 percent.

The bank also said that travel receipts jumped 154 percent from January to July over the same period in 2021 when international travel was more limited and health measures were in place. Incoming arrivals were up 191 percent.

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