High debt levels remain an issue for Greece.
“Issues relating to Greek debt (180% of GDP in 2016) remain unchanged, however, and cloud the economy’s mid-to-long term future,” notes Markit. “Austerity measures, including high tax rates and pensions cuts, continue to stifle domestic demand, while an overleveraged banking sector has put a ceiling on investment spending. Meanwhile in the political sphere, social instability remains ever-present and poses stability risks going forward. Indeed, these factors were among the most cited threats to growth in 2018 in the most recent business outlook report.”
Last year, investors added nearly $47 million to GREK.
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