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Risks threaten optimistic Greek growth forecasts

Location:

GREECE

After the 2021-22 post-pandemic rebound, growth is stabilising at around 2%. Barring new external shocks, it is expected to remain at this level in the coming years. Improved…

Terms of Greece's third bailout will depress economy

Location:

GREECE

In the absence of external funding, capital controls will remain. Banks will allow depositors to withdraw up to 420 euros (456 dollars)/week at one go rather than in daily…

Greek pharmaceuticals reform may undermine industry

Location:

GREECE

The risks of liberalising the pharmaceuticals market.

Virus second wave will derail Greek budget forecasts

Location:

GREECE

The official baseline is for an 8.2% GDP contraction in 2020, and a 7.5% rebound in 2021. It took into account moderate restrictions on movement in winter 2020/21, but the…

Greece will seek to profit from pent-up tourist demand

Location:

GREECE

Despite a stronger-than-expected performance by the Greek hospitality sector during the summer months, 2021 will be a challenging year. The government hopes that it will return…

COVID-19 will cut tourism to Greece this year

Location:

GREECE

Restrictions on the economy’s vital tourism branch are being lifted. However, airports outside Athens and Thessaloniki stay closed until June 30. Passengers from low-risk…

New measures will provide temporary relief for Greece

Location:

GREECE

The new forecast is based on strong results in the second quarter, better-than-expected tourism revenues over the summer months and the approval of the Greek Recovery and…

Downturn in Greece and abroad will sap property market

Location:

GREECE

This second extension is due to a slower-than-expected fall in cases in the COVID-19 pandemic’s second wave: 904 new infections were reported in the previous 24 hours yesterday…

Pandemic will speed Greece towards teleworking

Location:

GREECE

Almost overnight businesses lost contact with their customer base and were largely unable to provide teleworking arrangements for staff. However, larger Greek businesses…

Greece's market liberalisation may not work wonders

Location:

GREECE

Freer access to markets and the professions has been recommended to stimulate competition, generate growth and benefit consumers. However, the benefits of such an approach for the…