A new analysis by JPMorgan addresses the question of “how real and how resilient the Greek macroeconomic scenario is,” noting that many steps have been taken on the fiscal front and in investments, while political stability has strengthened confidence. However, although Greece’s recovery story is maturing and the transition to a productivity-based growth model is possible, it is not guaranteed. As JPMorgan notes, Greece’s macroeconomic environment has improved significantly.
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