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Tuesday, November 4, 2014

Greece : EU Commission Forcasts , Autumn 2014

Uncertainty a major risk
Greece’s GDP growth could turn out weaker than forecast if uncertainty on policy implementation has a stronger-than-projected effect on confidence
and investment, or if geopolitical events have a bigger-than-expected impact in the region. On the upside, exports may exceed expectations and investors’ confidence could pick up owing, in particular to the successful processing of nonperforming loans and to the positive results of the Asset Quality Review and stress tests. Overall, the balance of risks points to the downside since uncertainty is significant for the next few months.

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