Greece: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece
IMF Staff Country Reports, June 21, 2022
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- Greece: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece
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Bibliographic details
- Published: June 21, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400212772.002
Economic recovery and reform progress
- Greece has weathered the pandemic well, with a considerably stronger-than-expected recovery.
- Reforms progressed in several areas, including:
- digitalization
- privatization
- improving the fiscal policy mix
- bank balance sheet repair
IMF relationship and surveillance
- Greece finalized its early repayment to the IMF on April 4.
- Greece is expected to graduate from the quarterly European Institutions’ Enhanced Surveillance framework on schedule by August 2022.
Growth, inflation, and near-term outlook
- Despite the adverse impact of the war in Ukraine, growth is projected to remain robust at 3.5 percent this year.
- High energy prices are expected to push up average inflation to 6.1 percent.
Public debt and external sector
- Public debt is on a downward trajectory.
- Rollover risks appear manageable.
- The external position last year was moderately weaker than that consistent with fundamentals and desirable policies.
Report metadata and subjects (as presented)
- Pages: 82
- Volume: 2022
- Issue: 173
- Series: Country Report No. 2022/173
- Stock No: 1GRCEA2022001
- DOI: https://doi.org/10.5089/9798400212772.002
- ISBN: 9798400212772
- ISSN: 1934-7685
- Subject: Financial institutions, Fiscal policy, International organization, Loans, Monetary policy, Nonperforming loans, Public debt, Revenue administration, Tax administration core functions
- Keywords: Global, goods trade balance statistics, IMF staff calculation, IMF's transparency policy, liability positions vis-à-vis nonresident, Loans, money market rate, Nonperforming loans, Policy discussion, Tax administration core functions
Greece: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece
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