Greece on the road to recovery

Banking, News, Reports, Statistics — By on July 21, 2014 at 4:20 PM
Platon Monokroussos

Platon Monokroussos

Adjustment program success stories, investment opportunities challenges lying ahead

Summary of views

  • improvement in sentiment indicators increasingly reflected in hard economic data
  • real GDP growth to shift into positive territory from Q3 2014 onwards
  • upside risks to the troika forecasts for private consumption & imports growth
  • tourism, energy, manufacturing (food processing), agriculture, retail & whole trade among the main growth drivers in the coming decade

Risks

  • negative carry over from last year’s recession (-0.6ppts)
  • still negative savings rate of households & huge disinvestment in the domestic economy
  • supply-side constraints to domestic credit
  • reforms fatigue and resistance from vested interests

Viewers can log on on the PDF herebelow for a full read and comment:

Greece Economic Outlook_EUROBANK 21 JULY 2014 (3)

Tags: ,

Leave a Reply

IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)

What is 9 + 10 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback