Trade with Greece
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and investment, further noting that, following its
improvement in October and November 2014, the
“Economic Sentiment Indicator fell to 98.9 in
December, its lowest reading since April.”
According to the European Commission, growth
in 2014 is estimated at approximately 1% year-
on-year, albeit uncertainty is expected to affect
growth in the first quarter of 2015.
The prospects of the Greek economy for the year
2015 also seem promising according to the gov-
ernment budget that was recently tabled to
Parliament, which forecasts a recovery at a rate
of 2.9%. More specifically, it is estimated that the
real economy will be positively affected by:
• the recovery of private consumption;
• the further enhancement of investments, as
the foreign investor interest that was recorded
in 2014 will remain strong;
• the further increase in the exports of goods
and services;
• the realization of investment projects financed
with funds from the NSRF, the European
Investment Bank and the newly-established
Hellenic Investment Fund;
• the continuation of the repayment of all arrears
of the public to the private sector;
• the further improvement of competitiveness;
and the enhancement of confidence in the
Greek economy.
Another key factor will be the improvement in the
liquidity conditions of the economy, which are
expected to benefit from the successful comple-
tion of the process for enhancing the banks’ cap-
ital adequacy, as well as from the monetary poli-
