 |
| Austerity measures taken by the government that led to the contraction of economic growth |
Unemployment in Greece hit a record high of 28 percent in November, compared with 27.7 percent in the previous month, according to government data released recently.
And reached the unemployment rate among those under the age of 25 years to 61.4 percent.
The harsh austerity measures taken by the country, which has led to economic growth shrinking by 25 percent within four years.
However, there are other economic indicators reflect the existence of signs of recovery.
He says BBC correspondent in Athens, Mark Wayne The gloomy statistics on unemployment contrasts with the message that the government is working to promote them that Greece has exceeded the critical stage, and that the six years of the recession will end this year, and that there is light on the horizon.
Lewin adds that there is a clear contradiction between the current situation and the situation prior to the crisis, as the unemployment rate did not exceed 12 percent before the country for a $ 110 billion rescue plan euros (150 billion dollars) in May / May 2010.
It is expected that this year witnessed a slight growth, with the erosion of the budget deficit, far from the interest on the bailout payments.
Wayne says that the government fears that receive a strong blow in local and European elections in May / May next.
Lagging indicator
And exceeds the rate of unemployment in Greece double the average rate in the euro zone, as the number of unemployed amounted to 19 million people in the December / December, and the unemployment rate reached 12 percent, according to official figures released by the European Union.
Statistics show other economic, such as retail and manufacturing activity and construction sales, that there are signs of a decline in the weight of the recession in Greece.
However, it is expected that the unemployment rate continues to rise during the first three months of 2014, with continued corporate restructuring and job cuts.
Said Nikos Magenas, an economist at National Bank of Athens: "As expected, the labor market showed a late reaction to other positive indicators in the economy."
He added: "The high unemployment rate is also due to the loss of support from the tourism sector during the previous months."
With the increase in the number of unemployed to 1.38 million people, the improvement in economic conditions will take a long time, even if the economic recovery began this year as you wish Athens.
Before the crisis, the Greek economy was growing by up to 5 percent annually, as is provided about 50 thousand jobs per year.
It may take more than 20 years to reduce the unemployment rates are not taken measures to encourage domestic and foreign investment.