The business cycle

Greece: A surprisingly good 2016 performance

By August 5, 2016 February 18th, 2018 No Comments

We expect Greek real GDP to contract by 0.1% “only” this year, as households and companies continue to smooth consumption aggressively. We expect a 1.5% GDP expansion next year. Several legislative changes affecting the financial sector in the coming quarters should support the beginning of a recovery in real estate prices.