Global Power Q4 2019
Overall, the outlook for the Greek banking and financial services has strengthened considerably, although the marketremains exposed to some significant downside risks. On the positive side, business-friendly reforms led by Prime MinisterKyriakos Mitsotakis's centre-right New Democracy government, including tax cuts and privatisation of state-owned assets areexpected to attracted renewed investment to the country, boosting economic growth and placing the banking sector on a firmerfooting. However, vulnerability owing to exposure to non-performing loans remains a negative factor, and on a consumer level highunemployment and low income rates will remain a constraint on market development.
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