Country Forecast Greece Updater

  • ID: 2101430
  • November 2015
  • Region: Greece
  • 18 Pages
  • The Economist Intelligence Unit
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On September 20th, as forecast by The Economist Intelligence Unit, Syriza Unifying Social Front (Syriza)-the party of the prime minister, Alexis Tsipras-won the snap election and formed a coalition government with the Independent Greeks (AE). The Syriza-AE government's majority has already fallen from five to three, and it could quickly evaporate as the coalition implements unpopular bail-out policies in the coming months. We do not think that the government will last a full term.

The election result ensures short-term political stability, but we hold to our view that the government will encounter growing popular opposition to new austerity and reform measures under the three-year European Stability Mechanism (ESM) bail-out programme.

We are also not convinced that the policies contained in the programme will generate sufficient economic growth to mitigate Greece's debt burden or reduce popular disaffection with austerity. The migrant crisis will pose another challenge: Greece will struggle to cope with the scale of the influx in the coming years. Political stability and Greece's membership of the euro zone will therefore remain in question over the forecast period.

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Country Forecast Greece Updater

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: Greece's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
The labour market

Fact sheet

Outlook for 2016-20: Political stability

Outlook for 2016-20: Election watch

Outlook for 2016-20: International relations

Outlook for 2016-20: Policy trends

Outlook for 2016-20: Fiscal policy

Outlook for 2016-20: Monetary policy

Outlook for 2016-20: Economic growth

Outlook for 2016-20: Inflation

Outlook for 2016-20: Exchange rates

Outlook for 2016-20: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Gross domestic product by sector of origin

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data sources and definitions
Global data
Domestic data

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