P R O J E C T S
Economic Developments:
Our view for the Business Environment
Macroeconomic developments constitute the context for the projects that we work on. OMIKRON's economists have a long record of analyzing economic trends and quite often produce forecasts for macroeconomic variables that affect project appraisal. Such forecasts have almost always captured real ex post developments.
GREEKGDP: LOWERGROWTHFOR2017 Nov. 2016).
The forecast of 2.7% growth adopted by the Government is over optimistic. The probabilities are that GDP will increase at 1.2%-2.0% annual rate in the first half of 2017. Downward risks cannot be excluded.

FUNDS €>65 bil. AND CAPITAL COST <4% ARE NEEDED FOR THE RECOVERY OF THE BUSINESS SECTOR IN GREECE (Jan. 2017).

OMIKRON FORECASTS FOR THE IMPACT OF CRISIS VERIFIED(Mars 2017).
Real developments in the Greek economy proved very close to OMIKRON forecasts in the construction, retail and tourism sectors.

GREECE 2013:2015: EMPLOYMENT GAINS 100,000 FROM INCOMING TOURISM IN 2013-2015 (May 2013).
Receipts from incoming tourism will increase to € 14.5 bil. in 2015 compared to 10.0 bil. in 2012 resulting in 100,000 jobs gain.

COMPARATIVE ANALYSIS OF COMPETITIVENESS TRENDS IN €-ZONE AND THE US.
Compared to the rest of the world, the competitiveness of Eurozone economy remains unchanged, despite the crisis in the south, while that of the US is deteriorating. The €-Zone performs better in terms of general government deficit and debt and as a global exporter, while the € maintains its strength. Analysis based on data from Eurostat, the ECB and the Bureau of Economic Analysis, US Department of Commerce.

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