GREECE Staff Report for the 2004 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

February 9, 2005

Electronic Access:

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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.

Series:

Country Report No. 05/43

Subject:

English

Publication Date:

February 9, 2005

ISBN/ISSN:

9781451816211/1934-7685

Stock No:

1GRCEA2005003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

53

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