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Greece · Economy & Business · Normal
What was the name of the economic transformation from 1950 to 1973 when GDP grew at an average of 7.7% annually, second only to Japan?
Answer: Greek economic miracle — The Greek economic miracle (1950-1973) saw rapid industrialization, infrastructure development, and GDP growth rates averaging 7.7%, among the highest globally, driven by Marshall Plan aid and tourism.
- A Great Leap Forward
- B Greek economic miracle ✓
- C Iberian boom
- D Rheinland revival
The Greek economic miracle (1950-1973) saw rapid industrialization, infrastructure development, and GDP growth rates averaging 7.7%, among the highest globally, driven by Marshall Plan aid and tourism.