Market Report, "Greece Food & Drink Report Q3 2014", Published
Even with an expected return to positive economic growth in 2014, we believe that the deflationary trend has further to run. The long-term potential growth rate has been severely damaged by the economic crisis, which underpins our very modest 1.4% average real GDP growth forecast over the course of 2014-2018. Unemployment continues to edge higher, most recently reaching 28.0% in November, and has yet to show signs of coming down. The combination of excess capacity in the labour market, weak...
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