The financial situation of the Greek economy is showing significant improvement in terms of fiscal metrics; however, its long-term dynamics remain closely linked to demographic issues. This insight was highlighted during a webinar hosted by Oxford Economics, attended by Naftemporiki.gr, which posed the question: 'Could the 2020s be Greece’s decade?'. The webinar indicated that Greece's public debt-to-GDP ratio continues to decline, allowing the country to gradually step away from its status as the most indebted nation in the Eurozone.

The favorable outlook is attributed to a combination of nominal growth, inflation rates from previous years, and fiscal discipline that together enhance debt sustainability. Nevertheless, the webinar emphasized that despite these positive indicators, Greece still faces significant challenges due to its demographic decline, which could hinder long-term economic growth. Analysts are concerned that unless decisive measures are taken to address the demographic situation, any economic gains made in the coming years might be short-lived or insufficient.

Overall, the discussions at the Oxford Economics webinar underscore the importance of not only maintaining fiscal discipline but also embarking on strategic policies aimed at counteracting demographic decline. As Greece aims for economic recovery, the intertwining of demographic and economic strategies will be crucial in determining whether it can capitalize on its current fiscal improvements to secure a prosperous decade ahead.