WOOD Flash – Greece macro: GDP rebounds to 16.2%, above SA pre-pandemic levels
The preliminary 2Q real GDP estimate posted an increase of 16.2% yoy, on a seasonally-adjusted (SA) basis, up from -2.3% yoy in 1Q21, on the back of strong base effects, as well as the strong, ongoing recovery. On a quarterly basis, the GDP expanded by 3.4%, after the upwardly revised 4.5% growth in 1Q21. This result was even significantly above the consensus expectations seen in recent surveys: July’s Bloomberg survey put the qoq growth at -1.9% (11.3% yoy), while the August FocusEconomics consensus survey had the GDP growth at -1.4% qoq (10.4% yoy). This increase in the GDP puts Greece above the pre-pandemic levels on a SA quarterly basis already, and well on track for above 6.0% GDP growth in 2021E.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.