Greece : 2009 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Greece.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund, Contributor.

Series:

IMF Staff Country Reports; Country Report ; No. 2009/244

IMF Staff Country Reports

Language:

English

Physical Description:

1 online resource (60 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2009.

Language Note:

English

Summary:

This 2009 Article IV Consultation highlights that despite initial resilience partly explained by high wage growth and accelerated government spending in Greece, growth slowed substantially in early 2009. The main driving forces were lower investment and exports, destocking, and a decline in private consumption. Executive Directors have welcomed the extended period of strong growth through 2008, which had significantly narrowed the gap in real per-capita income with the EU-15. Directors have also emphasized the need to implement a comprehensive plan for fiscal consolidation and structural reform.

Contents:

Cover; Executive Summary; Contents; I. Context; Figures; 1. The Boom Years; II. Cyclical Developments; 2. Selected Indicators, 2000-10; 3. Cyclical Indicators Suggest a Sharp Slowdown; 4. Labor Markets, 2001-08; 5. Money and Banking Indicators, 2005-09; 6. Financial Indicators, 2007-09; III. Outlook: Uncertain, But Downside Risks Remain; IV. Policy Discussions: Bolstering Confidence and Sustainability; Boxes; 1. Linkages and Spillovers; 7. External Trade and Debt Issues; A. Preserving Financial Sector Stability; 2. Bank Support Measures Through end-May 2009

8. Greek Banks' Exposures in Southeastern Europe9. Amortization Falling Due, 2008-10; B. Strengthening the Fiscal Position; 10. Fiscal Indicators, 2000-09; 11. Demographics and Long Run Growth, 1950-2050; 12. Baseline Long-Run Fiscal Indicators, 2000-60; C. Enhancing Competitiveness; 13. Competitiveness Indicators; 14. Product Market Performance; V. Statistics; VI. Staff Appraisal; Tables; 1. Selected Economic Indictors, 2005-10; 2. Summary of Balance of Payments, 2008-14; 3. Core Set of Financial Soundness Indicators for Deposit Taking Institutions, 2000-08

4. Encouraged Set of Financial Soundness Indicators, 2000-085. Structure of Financial System, 2000-08; 6. General Government Accounts, 2005-10; 7. Public Sector Balance Sheet, 2007-14; Annex; I. External Debt Sustainability Framework, 2004-14; Contents; Appendices; I. Fund Relations; II. Statistical Issues

Notes:

Description based upon print version of record.

Description based on publisher supplied metadata and other sources.

ISBN:

9786613725660

9781462307036

1462307035

9781452717180

1452717184

9781280884351

1280884355

9781451881141

1451881142

OCLC:

870947522