Global turbulence hurts ATHEX
The deterioration of the international climate, with the political crisis in Italy, the escalation of the US-China trade war, the threat of recession in Germany, the likelihood of a no-deal Brexit and the threat of default in Argentina, inevitably casts a shadow on the Greek economy.
The Athens Stock Exchange (ATHEX) reflected this reality Tuesday, with the composite index falling 1.52 percent. It has also dropped a cumulative 10 percent since the start of the month. Furthermore, some are questioning the economy's ability to grow at a faster pace.
Analysts note, however, that the investment climate is positive and say that positive news about the economy is expected soon: the lifting of the remaining capital controls and the earlier-than-scheduled repayment of the International Monetary Fund's high-interest loans. A lot will depend on the Mitsotakis government's ability...