Greece : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2017/040

IMF Staff Country Reports

Language:

English

Subjects (All):

Greece--Economic conditions.

Greece.

Greece--Economic policy.

Physical Description:

1 online resource (93 pages) : color illustrations, tables, graphs.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2017.

Summary:

This 2016 Article IV Consultation highlights that Greece has made significant progress in unwinding its macroeconomic imbalances since the onset of its financial crisis. However, extensive fiscal consolidation and internal devaluation have come at a high cost to society, reflected in declining incomes and exceptionally high unemployment. Growth is projected to accelerate in the next few years, conditional on a full and timely implementation of the authorities’ adjustment program. On the basis of Greece’s current policy adjustment program, long-term growth is expected to reach just under 1 percent, and the primary fiscal surplus is projected to come in at about 1.5 percent of GDP. Downside risks to the macroeconomic and fiscal outlook remain significant.

Notes:

Description based on online resource; title from PDF title page (ebrary, viewed March 6, 2017).

ISBN:

9781475575798

1475575793

9781475575828

1475575823