Greece Country Risk Report Q4 2015 - New Market Report

From: Fast Market Research, Inc.
Published: Mon Sep 28 2015


Greece's economy will grow only slightly in 2016, following a significant recession in 2015.

Although agreeing a third bailout has reduced uncertainty surrounding the country's eurozone membership, tough fiscal conditions attached to the deal will dampen growth over the coming years.

Greece's massive debt pile will remain unsustainable, unless the country is offered a formal debt haircut from its creditors. Eurozone opposition means this is unlikely to happen.

On the plus side, Greece's external position is now much improved, as the collapse of the current account deficit has reduced the country's annual financing requirement.

Full Report Details at
- http://www.fastmr.com/prod/1052864_greece_country_risk_report_q4.aspx?afid=302

Deflation will persist for some time to come, as the country continues its painful internal devaluation, due to weak domestic demand and a further leg down in global oil prices.

Whichever party prevailed at the September election will struggle to retain domestic support, due to the painful nature of structural reforms demanded by its creditors.

Major Forecast Changes

We have revised down our forecasts for real GDP decline by 1.8% in 2015, from a 1.1% decline previously, due to the ongoing impact of bailout uncertainty and capital controls.

Key Risks To Outlook

We believe Greece's dire economic growth outlook and the unsustainable debt load will continue to cause problems for the country, and it is likely that the country's membership of the eurozone will come under threat once again at some point over the coming years.

The Greece Country Risk Report helps businesses with market assessment, strategic planning and decision making to promote growth and profitability in Greece. It is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market.

An influential new analysis of Greece's economic, political and financial prospects through end-2019, just published by award-winning forecasters, Business Monitor International (BMI).

Key Uses

* Forecast the pace and stability of Greece's economic and industry growth through end-2019.
* Identify and evaluate adverse political and economic trends, to facilitate risk mitigation.
* Assess the critical shortcomings of the operating environment that pose hidden barriers and costs to corporate profitability.
* Contextualise Greece's country risks against regional peers using BMI's country comparative Risk Index system.
* Evaluate external threats to doing business in Greece, including currency volatility, the commodity price boom and protectionist policies.

The Greece Country Risk Report by Business Monitor International (BMI) includes four major sections: Economic Outlook, Political Outlook

About Fast Market Research

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For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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