Wood comments in a report that the Greek economy is sending out the opposite signals. The analysts say that both consumers and businesses are not optimistic about their economic situation.

Businesses are registering a decline in their assessments of the business climate across all sectors. However, at the same time, these businesses are hungry to recruit new skilled staff, and the outlook is even more positive. What strikes Wood analysts is the fact that the growth of the Greek economy, the Recovery Fund money, the debt reduction and the improvement in the economy's metrics are not being passed on to the average consumer and business. Greek households and businesses do not expect their economic situation to improve, are pessimistic about inflation, and are not saving and increasing their spending. 

DEVELOPMENT - GROWTH

The house maintains its growth estimates for the country at high levels. In particular, it expects it to reach 2.4% this year and 2.3% in 2025, while inflation is expected to reach 2.4% this year and 2% in 2025. That is, the growth that analysts expect is well above the European average.  THE NUMBERS In particular, according to the report:

• the industrial sector index fell to 1.9 from 8.2 in September. 
• the services sector index fell to 37.3 from 41.1 in September. 
• the retail sector index fell to 5.5 from 13.8. 
• construction sector index contracted by 0, 6, down from 5.2 in September

As Wood notes, the decline recorded in the construction sector makes sense, even though many projects are being tendered through the Recovery Fund and the outlook for the sector has improved