Boston, MA -- (SBWIRE) -- 04/08/2014 -- Although the Greek economy is still stuck in the doldrums, a spate of positive economic developments in recent months has fuelled a stellar market rally in bonds and equities, and has provided some much needed respite for the hardened coalition. On the macro front, a continued slowdown in the rate of economic contraction, coupled with a pickup in consumer sentiment, suggests that the acute phase of the crisis is gradually giving way to a period of stabilisation. A return to positive growth and a sustainable recovery is still some way off, but following five years of depression, the worst has now past. In 2013,
GDP is expected to decrease by 4.2% in real terms to US$247.2bn, equal to US$21,602 per capita.
The government also secured a welcome vote of confidence from rating agency Fitch which upgraded the Greek sovereign one notch to B- on May 15. Although still well below investment grade, this is nonetheless an important concession that recognises the progress made by the coalition in overhauling the public finances. The European Commission, for its part, has indicated that it expects Greece to meet its bailout requirements in 2013 and 2014, while still warning that additional austerity measures could be required for 2015 and 2016. Further reflecting the progress being made on fiscal reform, the International
Monetary Fund agreed to release a EUR1.7 bn disbursement at the end of May. While these developments do not mark a conclusive end to an era of fiscal reform, it nonetheless reflects a turning point for the Greek government which is slowly clawing back its economic credibility.
View Full Report Details and Table of Contents
The Medical Device Market Germany
The Medical Device Market Ireland
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Medical Devices research reports at Fast Market Research
You may also be interested in these related reports:
- The Medical Device Market: France
- The Medical Device Market: Brazil
- The Medical Device Market: South Korea
- The Medical Device Market: Spain
- The Medical Device Market: China
- The Medical Device Market: Mexico
- The Medical Device Market: UK
- The Medical Device Market: Italy
- The Medical Device Market: Malaysia
- The Medical Device Market: Germany