Greece: Staff Report for the 2004 Article IV Consultation

February 9, 2005

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Format: Chicago

Greece: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed September 20, 2024

Summary

The staff report for the 2004 Article IV Consultation on Greece focuses on economic developments and policies. Rising incomes and a falling, though still high, unemployment rate underpinned strong household consumption, while increased profitability spurred investment spending, especially construction. Inflation has been above the euro area average, eroding international competitiveness and export market shares. Regarding structural policy, the authorities recognized that Greece still lags significantly behind the European Union in real per capita income despite the economic boom.

Subject: Expenditure, Fiscal policy, Public debt, Public financial management (PFM)

Keywords: Authorities' growth, Budget planning and preparation, CR, Deficit, Europe, Fiscal stance, GDP, Global, Government, Government debt management, Inflation assumption, ISCR, Medium-Term Program, Olympics spending, State intervention

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/043
Stock No:

1GRCEA2005003
ISBN:

9781451816211
ISSN:

1934-7685

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