Greek GDP forecast estimates

Abstract

The papers scope is to use historical data in order to forecast Greek Gross Domestic Product (GDP). By using a range of forecasting models the Greek economy's performance is investigated and the main indicators are revealed. Main findings are the revealing of important economic indexes determining the Greek GDP as retail trade index, industrial production index, unemployment rate and touristic index, and the forecast of high recession for the year 2012.

Keywords:

• Greek GDP
• forecasting
• Greek memorandum
• recession

JEL Classification:

• H60
• C53
• E27

Acknowledgement

We thank Assistant Professor Dr. Dimitrios Varoutas for his encouragement and interest for this subject as too Professor Dr. Nikolaos Kalouptsidis for his hospitality (MK) at Institute of Informatics and Telecommunications.