Posted 4/6/2024, 2:55:56 PM
Southern Europe Outpaces North in Post-Pandemic Growth Due to Tourism, Exports and Renewables
- Southern European economies like Spain, Italy, Portugal, and Greece are outpacing their Northern European counterparts in growth post-pandemic
- Tourism, exports, and renewable energy give Southern European countries an advantage with lower exposure to high energy prices
- Spain benefits from booming exports, lower labor costs than peers, and strong domestic demand with lower household debt levels
- Portugal sees record tourism revenue, export growth, and renewable energy reducing its reliance on imported gas
- Greece benefits from record tourism levels, construction sector growth, and recently won back its investment grade credit rating
