European Commission, (2015), “European Economic Forecast-Autumn 2015”, European Economy, Institutional Paper 011, DG for Economic & Financial Affairs, November.
The Greek economy built up positive momentum in 2014. However, the unsuccessful conclusion of the 2nd Adjustment Programme, the referendum called in June 2015, the ensuing bank holiday and the introduction of capital controls raised uncertainty and deteriorated the growth outlook. Confidence suffered, reflected in the Economic Sentiment Indicator (ESI) and the Purchasing Managers Index (PMI), the latter plummeting to historically low levels in July and August 2015.
European Economic Forecast-Autumn 2015
Relevant Posts
- European Commission, (2015), European Economic Forecast-Spring 2015, European Economy 2|2015, DG for Economic & Financial Affairs, May 2015.
- European Commission (2014) “European Economic Forecast, Winter 2014″, Directorate-General for Economic and Financial Affairs, February, Brussels.