Greece
During the financial crisis of 2007-2008, the global economy entered a recession. This created a very difficult situation for Greece as the country had accumulated a high debt over the previous years. The effects of the global financial crisis triggered a debt crisis in Greece that caused a severe recession and an increase in unemployment in the early 2010's. Government spending was cut and taxation was increased, but these measures worsened the recession and caused economic and social unrest. As a result of the economic crisis, the country implemented many reforms to its economy in order to improve productivity, reduce debt and attract foreign investment. Recently, Greece's exports reached an all time record for 2022, due to strong economic recovery.