Economy reports quite bearish, but roadshows reveal positive sentiment

International observers expect the Greek economy to slow down next year to a level far from the government's 4 percent growth target. They also see Greece missing out on the European Central Bank's bond-buying program as the country is considered unlikely to regain an investment grade credit rating. Even so, the Greek bank roadshows in London this week have shown that investors do see opportunities in the local economy and are expressing increased confidence in the country.

Capital Economics wrote in a report on Wednesday that while the end of the capital controls is positive, the weak growth in the eurozone and the less expansive fiscal policy in Greece next year will lead the economy to a slowdown, with average growth of 1.2 percent from 2020 to 2023, from the 1.5 percent that Capital Economics projects this year.

In its own report, Citigroup says it expects the...