Wood & Company sees lower Greek GDP growth than IMF, Commission forecasts

6 April 2018
634 Views

Wood & Company forecasts lower GDP growth rates for Greece in 2018 and 2019 than the ones already unveiled by the IMF and the EU Commission, predicting a 1.9-percent hike this year and 2.1 percent next year.
In a report, Wood refers to a stable and reasonable recovery, which may not be strong but is not weakening, either.

One the one hand, the international investment bank sees an improvement in corporate profits from increased competitiveness, which in turn create new job spots and support exports.

Conversely, low spending by households, the result of depleted savings, as well as reduced revenues and still contained state spending are cited as limitations to growth.

The improvement in competitiveness is due to better industrial indices; growing FDIs and continued indications that labor costs remain at central and eastern Europe levels.

You may be interested

Mitsotakis: We moved based on a plan for illegal immigration issue
POLITICS
shares40 views
POLITICS
shares40 views

Mitsotakis: We moved based on a plan for illegal immigration issue

makis - Oct 18, 2019

The Greek Prime Minister Kyriakos Mitsotakis began his press conference by reviewing the proceedings of the EU Summit. Specifically for…

Four romantic Greek destinations for every season
GREECE
shares1192 views
GREECE
shares1192 views

Four romantic Greek destinations for every season

Panos - Oct 18, 2019

Winter in the heart of Epirus? Spring in the mythical land of the Centaurs? Summer on the matchless beaches of…

Enjoy a taste of Greece in Qatar
GREECE
shares40 views
GREECE
shares40 views

Enjoy a taste of Greece in Qatar

Panos - Oct 18, 2019

Despite its small size, Qatar is home to various cuisines from all over the world and knows all about good…

Leave a Comment

Your email address will not be published.