
The pandemic exacerbated Greece’s demographic crisis even further, with deaths now outnumbering births, and with an undetermined, but by all accounts very high number of young adults having emigrated over the past 10 years of an economic depression in the country.
Still worse, Greece now has one of Europe’s oldest populations.
The long-standing problem of a low birthrate by the native-born population, along with the effects of a decade-long “brain drain”, besides ranking as a major national security issue, in the short-term may also prove as a hindrance to a looming post-Covid economic recovery.
In opposition to common logic, in fact, a drop in the number of births came during the pandemic lockdown, with the interior ministry saying births in November 2020 and December 2020 were lower, by 6.5 percent, compared to the same months in 2019; down by 5 percent for January 2021 and February 2021.
According to Prof. Vyronas Kotzamanis, who heads up the Demographic and Social Analysis Workshop at the University of Thessaly, the pandemic – on the heels of the economic crisis that preceded it – affects the birth rate and fertility of younger generations of adults, with births in the current decade estimated, even with the optimistic scenario, to be a whopping 130,000 less than in the 2010-2019 decade (roughly 950.000)


Latest News

Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy

EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.

The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)