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

Key View

• We at Fitch Solutions expect an improving epidemiological outlook to allow the Greek government to further ease pandemic-related restrictions over the coming months.
• While pandemic-related risks are easing, inflation reaching its highest level in decades poses new risks of social unrest.
• We have lowered Greece’s score in the ‘social

Key View

• Though a deterioration of Greece's epidemiological outlook and tightening restrictions have increased risks to social stability, we at Fitch Solution expect the Greek government will be able to avoid a return to the strict lockdowns seen earlier in the pandemic.
• We continue to view the ruling New Democracy party as being in a strong

Key View

• At Fitch Solutions, we have raised our 2021 real GDP growth forecast for Greece from 6.2% to 7.7%, while lowering our 2022 forecast from 4.4% to 4.0%.
• We expect less favourable base effects and elevated inflation to contribute to a moderation of consumption growth over the coming quarters, while net export growth will face headwinds

Key View

• At Fitch Solutions, we forecast real GDP growth of 6.3% in 2021 for Greece (upwardly revised from 6.0%), the economy’s fastest annual expansion in the past four decades, following a contraction of 8.2% in 2020.
• Easing restrictions on domestic activity and international travel will allow consumption and tourism-related service exports

Key View

• Greece's construction industry will see real growth of 2.4% y-o-y during 2021, having experienced a limited impact from the Covid-19 pandemic, as it continues to claw back industry value towards its pre-eurozone crisis size.
• The imminent disbursement of the European Union's (EU) 'Next Generation EU' recovery funding, of which Greece

Key View

• Greece’s national healthcare system continues to rely on the private sector.
• Government healthcare spending is forecast to rise over 2021.
• Greece’s economy is set to reopen despite third wave of Covid-19 infections.

Greece’s national healthcare system continues to rely on the private sector. Minister for Health Vassilis Kikilias

Key View

• We forecast consistent growth in Greece’s non-hydropower renewables segment with risks to solar capacity growth abating.
• Greater government support for the sector underpins our positive outlook for Greek solar, with supportive policies announced creating upside risks to forecast.
• Solar will continue to offer increasing opportunities

Key View:

• Microsoft is planning to establish a new cloud region in Greece.
• The aim is to support the digital transformation of the country, with telcos’ investment in broadband network also expected to contribute.

Microsoft has announced it will establish a new cloud region in Greece. This is part of Microsfot’s ‘GR for GRowth’ initiative