(MENAFNEditorial)
Core Views
* We expect a return to positive economic growth in 2014 following six years of depression. Thereafter we expect growth to remain well below the pre-crisis range.
* Underpinning positive economic growth will be a stabilisation in domestic demand as well as a positive contribution from the current account.
* The prospect of further spending cuts and tax hikes will ensure that demonstrations and national strikes remain a key feature of the political landscape over the medium term.
Major Forecast Changes
* There are no major forecast changes this quarter.
Full Report Details at
- http://www.fastmr.com/prod/887958_greece_business_forecast_report_q4_2014.aspx?afid=101
Key Risks To Outlook
* Upside Risks To Deficit Forecasts: The severity of the fiscal consolidation programme and the public backlash mean that the scope for slippage will remain pronounced.
* Downside Risks To Economic Growth Forecasts: A fragile recovery in the eurozone could yet go in reverse unless policymakers push forward with structural reforms and the ECB provides additional monetary stimulus. A failure to do so would risk prolonged stagnation in the euro area which will in turn dent demand for Greek exports and further undermine the recovery.
The Greece Business Forecast Report helps businesses with market assessment strategic planning and decision making to promote growth and profitability in Greece and 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-2018 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-2018.
* Identify and evaluate adverse political and economic trends to facilitate risk mitigation.
* Assess the critical shortcomings of the business environment that pose hidden barriers and costs to corporate profitability.
* Contextualise Greece's country risks against regional peers using BMI's country comparative Risk Rankings system.
* Evaluate external threats to doing business in Greece including currency volatility the commodity price boom and protectionist policies.
The Greece Business Forecast Report by Business Monitor International (BMI) includes four major sections: Economic Outlook Political Outlook Business Environment and Key Sector Outlook.
Economic Outlook:
How will the Greece economic policy-making and performance impact on corporate profitability over 2014-2018?
BMI provides our fully independent 5-year forecasts for Greece through end-2018 for more than 50 economic and key industry indicators. We evaluate growth and also forecast the impact of economic management.
Economic Outlook Contents
The Greece Business Forecast Report features BMI's forecasts with supporting analysis for 2014 through to end-2018 set against government views and BMI's evaluation of global and regional prospects.
Key Areas Covered:
Data:
* Full 10-year forecasts with data - for key macroeconomic variables including GDP (real growth and per capita) population inflation current account balance and the exchange rate.
* BMI's comprehensive Risk Rankings system - rates each country worldwide for economic and political risk and rates the business environment within a global and regional context.
Written Analysis:
* Economic Activity - real GDP growth employment inflation consumption (retail sales and confidence).
* Balance of Payments - trade and investment current and capital account.
* Monetary Policy - interest rate trends (bank lending and deposit rates) and inflation (producer price and consumer price).
* Exchange Rate Policy - currency controls foreign investment flows exchange rates and foreign exchange reserves.
* Fiscal Policy - macroeconomic strategy and policies government finance and tax reforms.
* Foreign Direct Investment - approvals inflows and climate.
* External Debt - debt profile (short and long-term plus public and private sector exposure).
* Global Assumptions - forecasts for each year to end-2018 covering: major commodities growth in key regions inflation and interest and exchange rates in the United States Japan China and the eurozone.
Key Benefits
* Rely upon BMI's 100% independent forecast scenarios for Greece and underlying assumptions - we take no advertising and are privately-owned.
* Exploit the benefits of BMI's comprehensive and reliable macroeconomic database on Greece sourced and fully maintained by BMI from an extensive network of private sector government and multilateral contacts.
* Gain key insights into the current and future direction of government economic policy which could significantly affect your company's business prospects from BMI's team of analysts and economists.
Political Outlook:
What are the political risks to doing business in Greece over the next 5-years?
BMI's Greece country Risk Rankings evaluate the short- and medium-term threats to political stability.
Political Outlook Contents
* SWOT Analysis for the Greece Market - Political Strengths Weaknesses Opportunities and Threats facing Greece.
* Political Stability and Risk Assessment - BMI's Risk Rankings assess explicit short- and long-term risks to political stability; latest ankings rankings and trends for Greece's risk are compared with regional and global averages.
* Current Administration and Policy-making BMI assesses the threats to the continuity of economic policy and likely changes to the business operating environment.
Key Benefits
* Benchmark Greece's risk profile against its neighbours the global and regional average allowing easy comparison of risks between key business markets.
* Identify evaluate and anticipate political and security risks to the business environment and to your company's current operations and future plans.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts we provide quick and easy access to the best competitive intelligence available. Our unbiased expert staff is always available to help you find the right research to fit your requirements and your budget.
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.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.