Greece: Staff Report for the 2006 Article IV Consultation

January 25, 2007

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Format: Chicago

Greece: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2007) accessed September 18, 2024

Summary

This 2006 Article IV Consultation highlights that economic growth of Greece has been strong for several years, underpinned by a rapid increase in private sector credit, following the liberalization of the financial sector and the sharp drop in interest rates. In 2006, real GDP rose by an estimated 4.1 percent, driven by private domestic demand and a pickup in goods exports. The authorities have introduced a number of significant structural measures to improve product markets. These include simplified business licensing procedures for industrial firms, more flexible overtime, and liberalization of network industries.

Subject: Banking, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Loans, National accounts, Public debt

Keywords: CR, Current account, Deficit, Europe, Fiscal stance, GDP data, GDP revision, Government, ISCR, Loans, Pose downside risk, Private sector credit, Public enterprise reform, Reform

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/026
Stock No:

1GRCEA2007001
ISBN:

9781451816273
ISSN:

1934-7685

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