4/8  BIS central bankers' speeches  RISKS TO THE RECOVERY OF THE ECONOMY In 2016 the Greek economy found itself halfway between recession and growth. In 2017 it is expected to recover, although this outlook remains subject to risks. A first category of risks relates to a volatile global environment.
Uncertainties related to the global environment in which the Greek economy is expected to operate are: (a) a series of crucial elections and a rise in euroscepticism across the EU.