Thanks to improved economic conditions and to the reforms implemented, the unemployment rate, though still high, fell to 18.7% in the fourth quarter of 2018, from 27.8% at the end of 2013. 3. The Greek economy continues to face major challenges Despite the progress made so far, the Greek economy continues to face major challenges and crisis-related legacies.
After six years of austerity and reforms, the country is again at a crossroads and under heightened uncertainty as a result of the delay in the completion of the First Review of the 3rd MoU, the setbacks in the implementation of structural reforms and privatisations, and finally due to the mounting migrant crisis. B1.