Country Forecast Greece Updater

  • ID: 2101430
  • September 2015
  • Region: Greece
  • 17 Pages
  • The Economist Intelligence Unit
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The Economist Intelligence Unit forecasts that Alexis Tsipras's radical left-wing Syriza Unifying Social Front (Syriza) will win the snap election on September 20th. However, the formation of the Popular Unity party, a breakaway from Syriza, and the loss of significant public support as a result of his bail-out U-turn, means that Mr Tsipras is very unlikely to win a majority and will have to form a coalition government.

Following the passage of a series of reforms in the Greek parliament in August, on August 14th the Eurogroup of euro area finance ministers approved a new three-year programme tied to EUR82bn-86bn in European Stability Mechanism (ESM) financing.

A Syriza-led government-unless it were a grand coalition-would have only a slim majority and would probably suffer attrition as bail-out policies were implemented. Political reaction to the continuation of austerity and associ-ated painfully slow economic recovery will stymie programme implementation.

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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 2015-19: Political stability

Outlook for 2015-19: Election watch

Outlook for 2015-19: International relations

Outlook for 2015-19: Policy trends

Outlook for 2015-19: Fiscal policy

Outlook for 2015-19: Monetary policy

Outlook for 2015-19: Economic growth

Outlook for 2015-19: Inflation

Outlook for 2015-19: Exchange rates

Outlook for 2015-19: 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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