Greece Businessforecast Industry Forecast

The Greece Business Forecast Report provides essential macroeconomic, political and financial analysis for companies doing business in Greece. The Greece Business Forecast Report helps businesses with Greek 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 political, economic and financial prospects through end-2012, just published by award-winning forecasters, Business Monitor International.

 

 

 

Key Uses of the Greece Business Forecast Report | Greece's Political Outlook | Greece's Economic Outlook | Greece's Business Environment | Key Greece Industry Sectors | Greece BMI's Executive Summary | Our Europe Subscribers | Full Range of BMI's Business Forecast Reports

Key Uses for the Greece Business Forecast Report

  • Forecast the pace and stability of Greece's economic and industry growth through end-2012
  • Identify and evaluate adverse political and economic trends in Greece, to facilitate risk mitigation strategies
  • Assess critical shortcomings of Greece's business environment that pose hidden barriers and costs to corporate profitability
  • Contextualise Greece's country risks against Europe regional peers using BMI's country comparative risk ratings system
  • Target business opportunities in Greece's high-growth industry sectors
  • 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 includes four major sections: Greece's Political Outlook, Greece's Economic Outlook, Greece's Business Environment and Greece's Key Industry Sectors.

Greece's Political Outlook:

What are the political risks to doing business in Greece over the next 5 years?

BMI's Greece Country Risk Ratings evaluate the short and medium-term threats posed by government instability, adverse economic policy-making, deterioration in the business environment and external shocks.

Greece Political Outlook Contents

  • SWOT Analysis for the Greek Market
    Political Strengths, Weaknesses, Opportunities and Threats facing Greece.
  • Political Stability and Risk Assessment for Greece
    BMI's Risk Ratings assess explicit short and long-term risks to political stability; latest ratings, rankings and trends for Greece's risk are compared with Europe regional and global averages.
  • Current Administration and Policy-making in Greece
    BMI profiles key policy-makers and power-brokers in the Greek government, assessing threats to the continuity of Greek economic policy, and likely changes to the business operating environment through end-2012.
  • Greek Foreign Policy
    BMI examines key trends and shifts in Greece's foreign relations and alignments with Europe neighbours, the United States and Europe, focusing on external influences.

Key Benefits

  1. Benchmark Greece's risk profile against its neighbours, the global and regional average, allowing easy comparison of risks between key business markets.
  2. Identify, evaluate and anticipate political and security risks to the business environment in Greece, and to your company's current operations and future plans.
  3. Gain valuable insights into the Greek government and policy-making, through BMI's specialist team of analysts and economists, and their exclusive network of private and public sector sources.

Greece's Economic Outlook:

How will Greek economic policy-making and performance impact corporate profitability over 2008-12?

BMI provides fully independent 5-year forecasts for Greece through end-2012 for more than 35 macroeconomic variables. We evaluate Greek growth, and also forecast the impact of economic management, including central bank policy, on profitability.

Greece Economic Outlook Contents

The Greece Business Forecast Report features explicit BMI economic forecasts for Greece, with supporting commentary and analysis, for end-2008, 2009, 2010, 2011 and 2012 set against Greek government views. Underpinning our Greece forecasts are key assumptions for the global economy through end-2012, covering growth, inflation, employment, trade and investment, interest and exchange rates in the US, Japan and the Euro-zone.

Coverage of Key Economic Issues in Greece

  • Economic Activity in Greece
    Real GDP growth; industrial growth; employment growth; inflation and consumer prices; consumption (indicative wages, retail sales, consumer confidence)
  • Fiscal Policy in Greece
    Current macroeconomic strategy and implementation policies; government finance (revenue, expenditure, budget balance); tax reforms
  • Monetary Policy in Greece
    Interest rate trends (bank lending and deposit rates); inflation (retail price inflation, consumer price inflation); exchange rate policy in Greece; Greek currency controls; influence of foreign direct investment inflows; exchange rates and foreign exchange reserves
  • Balance of Payments in Greece
    Merchandise trade (exports, imports, trade balance); current account balance
  • Foreign Direct Investment in Greece
    Foreign direct investment approvals and inflows; the foreign investment climate
  • Greek External Debt
    Debt profile (short- and long-term debt; public and private sector exposure)

Key Benefits

  1. Rely upon BMI's 100% independent Forecast Scenarios for Greece and underlying assumptions - we take no advertising and are privately-owned.
  2. Exploit the benefits of BMI's comprehensive and reliable macroeconomic Greece database, sourced and fully maintained by BMI from an extensive network of private sector, government and multilateral contacts.
  3. Gain key insights into the current and future direction of Greek government economic policy

Greece's Business Environment:

How internationally competitive is Greece's regulatory environment, and what changes can be expected?

BMI assesses levels of transparency, flexibility of labour market, tax burden, development of the banking sector and credit availability, infrastructure and IT, foreign investment regime and trade liberalisation in Greece.

Greece Business Environment Contents

  • Greece's Business Environment Risk Rating with SWOT Analysis
    Short and long-term business environment risk ratings for Greece, benchmarked against ratings for Europe and neighbouring countries.
  • Country Competitiveness for Greece
    Competitiveness of Greece's business operating environment in supporting corporate growth and profitability over the 5-year forecast horizon, compared with regional neighbours.

Coverage of Key Business Environment Issues in Greece's Domestic Environment

Transparency, cronyism and corruption; labour market flexibility; corporate tax burden; interest rate levels; access of private sector to lines of credit; sophistication of banking sector and stock market; levels of business confidence; infrastructure and IT

  • Foreign Direct Investment in Greece
    Analysis of foreign investment regime, foreign ownership laws; attractiveness of business environment to foreign investors; review of major foreign direct investments over the last 24 months, and of strategic sectors attracting most interest
  • Foreign Trade with Greece
    Analysis of trading environment, government trade policy, liberalisation measures, tariffs and membership of trade areas

Greece's Key Industry Sectors

Which industry sectors in Greece will grow fastest, and where are the major investment opportunities in the Greek market?

BMI targets investment opportunities in Greece's high growth industries, including automotives, food and drink, infrastructure, oil and gas, pharmaceuticals and healthcare, telecommunications and IT.

Coverage of Greece's Key Industry Sectors - Greek Market Overview

Size, value and structure of industry; impact of liberalisation and privatisation on sector performance and prospects; friendliness of business environment

  • Latest Developments in Greece
    Review of latest projects, deals, privatisations, mergers and acquisitions, and implications for sector performance; company rankings for national and multinational companies in Greece; main industry players by local sales, employee size, market share and main brands, products and services
  • 5-year Industry Forecast for Greece
    Historic dataset (2003-2007) and BMI forecasts through end-2012, covering headline industry data broken out by sub sector

Key Benefits

  1. Target strategic sector-by-sector opportunities in Greece's high growth industries, attracting public expenditure and foreign investment; identify key players and competitors driving growth, investment and business opportunities.
  2. Benefit from competitive intelligence on top national and multinational companies operating in Greece's major industry sectors, including analysis of recent trends in sales and market share, company strategies, product launches and latest deals.

Who buys the Europe Business Forecast Reports?

The Greece Business Forecast Report is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in Greece.

Our Business Forecast Reports are relied upon by corporates, banks, government departments and multinational organisations around the world.

Business Monitor International's Business Forecast Report subscribers include:

Abbott International, Air Liquide, Akzo Nobel, Alcatel, Alpha Cement Group, Atlas Copco, BASF, British American Tobacco Company, Coca-Cola HBC, Colgate Palmolive Romania, Deloitte & Touche, Ericsson Telecommunications Bulgaria Ltd, Ernst & Young, Exxonmobil Ltd, Heineken Brewery, Hewlett- Packard Slovakia, S.r.o, Indesit Company, Microsoft Software, Novartis Pharma Services Inc, Omnitel, Opus Land Development SA, Provident Financial, Raiffeisen Bank, Robert Bosch Elektronika Kft., Siemens Srl, Xerox Ltd 

 

" The Key Economic Sectors in the Business Forecast Report is most beneficial in terms of value & usage as our organisation focuses on a sector based approach for market development. The Business Forecast Report offers deeper sector knowledge, which is very useful. "
Hellenic Lloyd's SA, Greece.

BMI's Executive Summary for Greece

[TOP]

Reform Process Remains Crucial

In line with our view, the Greek economy is starting to show signs of slowing, as tighter monetary conditions impact upon consumption, and in particular, investment. Economic momentum decelerated to 4.1% year-on-year (y-o-y) in Q207 from 4.6% in the previous quarter, and we expect this trend to remain in place as economic expansion continues to cool throughout our five-year forecast period. Nonetheless, we expect growth to remain above the eurozone average as ongoing structural reforms, an improving external position and robust consumption (even in the face of tighter monetary conditions) ensures average economic expansion stays above 3.0% throughout the medium term.

The re-election of the New Democracy (ND) party in the September 16 election is a positive step for the continuation of economic reforms. However, we anticipate that the ND will face a tougher second term due to a reduction in its parliamentary majority, down to as little as two seats, and the more challenging nature of reforms that the government will need to pass in its second term to ensure the Greek economy is able to compete against its EU partners. If the government prioritises securing greater popularity over its reformist agenda, the long-term prospects of the Greek economy will suffer a sharp downturn.

Greece's widening current account deficit is likely to peak around a record 14.0% of GDP in 2007, before beginning to narrow towards 8.5% by the end of our five-year forecast period. This trend reversal will be led by an improvement in the country's trade shortfall, which should narrow going forward as ongoing structural reforms continue to improve export competitiveness and capital imports decline as investment growth moderates. However, persistently high oil prices and a potential inability or unwillingness from the government to push through much needed structural reforms pose severe risks to our forecast.

The Greek pension system is in dire need of root and branch reform. Merging pension funds is vital, as is an end to contributions below mandated levels by all sides and reforms to entitlements. Any government attempts to negotiate or impose such a settlement will likely result in large-scale protests and a fractious political scene. Courage is required, or the already rickety pension system will be in truly bad shape in 10 years, and could well collapse.

Read about our other Business Forecast Reports  

Asia

Australia, Bangladesh, China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Vietnam

Europe

Bosnia & Herzegovina, Bulgaria, Caucasus, Croatia, Cyprus, Czech Republic, Estonia, Greece, Hungary, Kazakhstan & Central Asia, Latvia, Lithuania, Macedonia, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine

Middle East

Bahrain, Iran, Iraq, Israel, Jordan, Lebanon & Syria, Kuwait, Oman & Yemen, Qatar, Saudi Arabia, UAE

Africa

Angola, Botswana, Cameroon, Cote d'Ivoire, Egypt, Ethiopia, Francophone West Africa, Ghana, Kenya, Mozambique, Namibia, Nigeria, North Africa, South Africa, Sudan, Tanzania, Uganda, Zambia, Zimbabwe

North & South America

Argentina, Brazil, Chile, Colombia, East Caribbean, Mexico, Peru, Trinidad & Tobago, Venezuela, West Caribbean

 

Business Monitor International

Business Monitor International
A Market Leader in Country Risk, Industry Intelligence and Company Research

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BUSINESS MONITOR INTERNATIONAL's country risk analysis and forecasts, market research on leading industries, and multinational company research is relied upon by corporates, banks, government departments and multilateral organisations in over 125 countries around the world.

Country Risk Analysis and Forecasts
BMI
has for 25 years specialised in political risk analysis, financial markets analysis, and macroeconomic forecasts on 175 global markets.

Industry Intelligence and Market Research
BMI's industry research covers Automotives; Banking; Chemicals; Defence & Security; Food & Drink; Freight Transport; Information Technology; Infrastructure; Insurance; Mining; Oil & Gas; Petrochemicals; Pharmaceuticals & Healthcare; Power; Telecommunications, and Tourism.

Company Research
BMI maintains a fully-researched 55,000-site database of multinational company subsidiaries located across global markets.