A new report by Goldman Sachs analyst Marty Young focuses on what investors need to know about the ongoing turmoil surrounding Greece.
Debate over the fate of Greece is as heated as ever within the financial community.
In the new report, Goldman breaks down the current state of Greece, what factors make the path forward so difficult and what three scenarios the world should be prepared for.
Where Are We Now?
Things in Greece have gone from bad to worse over the past several years.
According to the report, real Greek GDP has contracted by 25 percent since 2007. During that same time, the country’s debt-to-GDP ratio has ballooned to 180 percent, well above its 2007 level of slightly above 100 percent.
“Despite various austerity measures, Greece still runs a budget deficit and faces deposit outflows,” Young added.
What’s The Big Deal?
While Greece’s real GDP has contracted…
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