An improving economic outlook in Greece was interrupted in October 2017, according to the monthly reported issued by the Athens-based Foundation for Economic & Industrial Research (IOBE), with surveyed business owners dampening their expectations under the shadow of heightened tax burdens over the last three months of the year in the still bailout-dependent country.
Specifically, IOBE said the specific economic outlook index fell by 2.3 percentage points, in relation to September, falling to 98.3 points.
Nevertheless, the figure is still higher than October 2016, when it was at 94.3 points.
IOBE’s analysts said the timely conclusion of the third review of the ongoing bailout and avoidance of “negative surprises” in the country’s economic policy can further boost expectations.
In terms of households’ expectations, a marginal 0.3-point improvement was recorded in terms of consumers’ confidence.
