Greece: Staff Report for the 2001 Article IV Consultation
IMF Staff Country Reports, March 15, 2002
Source details
- Canonical URL
- Greece: Staff Report for the 2001 Article IV Consultation
Other formats
Bibliographic details
- Published: March 15, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451816105.002
Economic growth and demand
- Strong economic growth continued in Greece in 2001.
- GDP increased by about 4 percent, led by robust domestic demand.
Investment and interest rates
- Investment growth accelerated, following interest rate convergence with euro area rates and further easing by the European Central Bank.
Private consumption and credit
- Private consumption was buoyed by rapid credit growth.
Inflation dynamics
- Core inflation has remained well above the euro area average.
- Falling energy prices have lowered headline inflation, as in the rest of the euro area.
Subject areas covered in the report
- Budget planning and preparation
- Expenditure
- Fiscal policy
- Fiscal stance
- Public debt
- Public financial management (PFM)