reports
- Raffaella Tenconi
taking stock of what has been achieved so far
The economic recovery has begun in Greece, with 1Q17 GDP exceeding expectations thanks to positive consumption growth, a rebound in investment and decent exports. We have not changed our year-ahead GDP projections of c.1% growth in 2017/18E, but an overshooting to 1.5% growth looks plausible, in our view, whilst much higher growth, closer to 3%, continues to appear to us as highly unlikely in the near term due to weak balance sheets. Fiscal austerity is continuing for one more year, but it is no...
- Alex Boulougouris
Eurogroup outcome slightly ahead of market's expectations
The long-awaited completion of the Second Review yesterday is a positive development, with the result slightly better than the market’s expectations. Greece will receive a higher tranche and there is a framework for debt relief measures. The wording in the Eurogroup statement is supportive, in our view, and keeps the door open for potential inclusion in QE at a later stage. We believe that the political risk in Greece is likely to diminish further on this news and the focus should turn gradual...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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