Foundation for Economic and Industrial Research

The Economic Sentiment Index compiled by the Foundation for Economic and Industrial Research (IOBE) climbed to a six-year high in June, reaching 103.7 points, a level unseen since April 2008.

The economic sentiment index compiled by the Foundation for Economic and Industrial Research (IOBE) reached a six-year high of 99.1 points in May.

The Greek economic think-tank’s index rose from 95.4 points a month earlier.

Despite the stability which has been achieved on the fiscal front in Greece and in the country’s current accounts, the risk that the economy will fail to secure sustainable and robust growth rates remains, according to a study on the reforms that have not been implemented.

By Sotiris Nikas

Reforms are essential if the country is to return to growth and the gross domestic product is to achieve high expansion rates, according to a report released on Wednesday by the Foundation for Economic and Industrial Research (IOBE).

 Economic mood recovers on consumer confidence rise and forecasts for industry and construction rebound