European Union

5 charts that explain Greece's economic crisis

Greece's drop in output was significantly more severe than any other ‘Trifecta crises’. Image: REUTERS/Jean-Paul Pelissier

Thomas Philippon

Researcher, Stern School of Business

Pierre-Olivier Gourinchas

Professor of Economics, University of California, Berkeley and CEPR Research Fellow

Dimitri Vayanos

Professor of Finance and Director, Paul Woolley Centre for the Study of Capital Market Dysfunctionality, LSE


The Big Picture
Explore and monitor how European Union is affecting economies, industries and global issues
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale

Stay up to date:

European Union

Output per capita, relative to t-2 (log points), Trifecta crises
Image: Gourinchas et al (2016)
 Decomposition of output
Image: VoxEU
 Output counterfactual
Image: VoxEU
 Investment Counterfactual
Image: VoxEU
 Current account to output ratio counterfactual
Image: VoxEU
Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:

European UnionFinancial and Monetary SystemsInequality


Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

The EU Wants to Have Completely Recyclable Packaging by 2030

Stefan Ellerbeck

December 2, 2022

About Us
Partners & Members
Language Editions

Privacy Policy & Terms of Service

© 2022 World Economic Forum