Country Forecast Greece Updater

  • ID: 2101430
  • July 2015
  • Region: Greece
  • 19 Pages
  • The Economist Intelligence Unit

The radical left party, Syriza Unifying Social Front (Syriza), won the pre-term election on January 25th 2015 and formed a coalition government with the far-right Independent Greeks (IG). The Economist Intelligence Unit's baseline forecast is that the government will not last a full term.

Acceptance by the prime minister, Alexis Tsipras, of punitive terms and conditions for a new reform programme in July led to a political revolt in Syriza in the run-up to a parliamentary vote on a series of immediate reforms ("prior actions") on July 15th-16th. Mr Tsipras is likely to reshuffle his cabinet and, after the long-term deal has been negotiated, call an early election to strengthen his reform mandate and sideline leftist critics. We expect him to win a majority.

The government will face problems implementing reforms tied to a third bail-out package, as harsh austerity measures and unpopular structural reforms meet opposition, including in the form of strikes and social unrest.

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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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Note: Product cover images may vary from those shown


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