Content type

New Democracy Victory Reinforces Political Continuity in Greece

Country Risk / Greece / Mon 26 Jun, 2023

Key View

  • A sweeping victory by the incumbent New Democracy party in Greek snap elections held on June 25 has led us to revise upwards our Short-Term Political Risk score for Greece from 64.6 out of 100 to 71.9.
  • The upward revisions were underpinned by the improvements to the policy continuity component which rose from 75.0 to 90.0 due to
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Greek 2023 GDP Growth Revised Lower After Q123 Contraction

Country Risk / Greece / Thu 08 Jun, 2023

Key View

  • Following an expansion of 5.9% in 2022, we have trimmed our 2023 real GDP growth forecast for Greece from 0.9% to 0.7% after economic activity in Q123 surprised to the downside, with the economy contracting by 0.1% q-o-q (BMI forecast: +0.3%).
  • A sharp fall in the rate of inventory accumulation has driven a large part of our
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Greek Current Account Deficit Will Remain Large Over 2023

Country Risk / Greece / Wed 28 Dec, 2022

Key View

  • At Fitch Solutions, we project Greece’s current account deficit to have widened from 6.7% of GDP in 2021 to 7.3% in 2022 (compared to a prior 5.7% forecast) before narrowing to 6.4% in 2023 (previously 5.5%).

  • Though softening demand for foreign goods will facilitate a slight narrowing of Greece’s goods trade deficit over

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Greece EV Profile: National Energy And Climate Plan To Boost Adoption

Autos / Greece / Wed 14 Dec, 2022

Key View: We believe that Greece will continue to allocate funds to subsidise the purchase of EVs at least until the end of 2024, in order to sustain EV demand and remain on track with its targets regarding the decarbonisation of the Autos industry. We expect EV sales in the country to grow 52.2% on average in the 2022-2024 period. We expect EV

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Greece's E-Mobility National Plan Is On Track, But Faces Risks

Autos / Greece / Fri 10 Jun, 2022

Key View

  • Electric vehicle sales in Greece will continue to strengthen as the country drives through its National Energy and Climate Plan.
  • However, Greece will need to significantly expand the size of its EV charging network to maintain an operating environment conducive to rapid EV adoption.
  • Rising vehicle prices and the global
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