Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is joined by Zacks Product Manager Harry Kougias, who is Greek and regularly returns to Greece.
This is Harry’s fourth appearance on the Zacks Market Edge to talk about Greece. He was on the very first podcast back in 2016.
Back then, the future seemed dire for Greece as it was going through a leadership change and instituting cuts in pensions under the austerity program.
But in 2018, Greece’s GDP grew 1.9%, which was better than economic powerhouses Germany or France, and is expected to be just over 2% this year.
Even as some parts of the Eurozone have slowed, Greece is expected to ramp up growth closer to 3% in 2020.
Investors have noticed the change in circumstance and have jumped into the Global X Greek ETF GREK in 2019.
Greek tourism continues to flourish despite Brexit, the failure of travel agent Thomas Cook and the slowing of the German economy. The Bank of Greece expects 2019 to be another record year for the tourism industry.
But several US airlines have been adding flights to Greece as demand increases including United Airlines UAL and American Airlines AAL.
Cruising continues to be popular as well with Royal Caribbean RCL one of the companies that serves the market.
But many people can’t actually make a trip, so they can only dream of one on social media platforms like Pinterest PINS.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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