IOVE documents an improvement of the financial climate in October
In its latest Business and Consumer survey, the Foundation for Economic & Industrial Research (IOVE) documented an improvement of the financial climate in Greece, with the Economic Sentiment Indicator increasing from 83.1 in September to 86.5 in October.
Although the improvement is important, it is still far lower than what it was last year (102.3) and before the introduction of capital controls. The report indicates that there is an improvement in almost all sectors, aside from services. An improvement is also documented in consumer confidence.
Overall, the report indicates that the both businesses and consumers are gradually integrating the presence of capital controls in everyday life and transactions, as well as adapting to the new bailout agreement and program. IOVE also notes that although taxpayers are to a great extent paying their taxes, which are higher than before, the real effect will be felt over the next few months.
You may be interested
Greece & Australia both tangled in mining investment conundrumsmakis - Sep 22, 2017
An interesting article from Australia about mining activities there and the similarities with our case: Every time I read an…
The Albanian “velvet ethnic cleansing” of the Greeks of Northern Epirus at the OSCEmakis - Sep 22, 2017
The “National Association of Northern Epirus 1914” participated for the third consecutive year at the Annual Conference of the Office…
Dimitris Giannakopoulos for PAO: I cannot do anything else for clubmakis - Sep 22, 2017
The fate of the football club of Panathinaikos is hanging in the balance, after major shareholder of the basketball team…