{
  "title": "Greece: Ex-Post Evaluation of Exceptional Access Under the 2012 Extended Arrangement-Press Release; Staff Report;and Statement by the Executive Director for Greece",
  "publication": "IMF Staff Country Reports, February 7, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/02/07/greece-ex-post-evaluation-of-exceptional-access-under-the-2012-extended-arrangement-press-44636",
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  "summary": "This paper discusses Greece’s Ex Post Evaluation of Exceptional Access Under the 2012 Extended Arrangement. Greece has made significant progress in unwinding its macroeconomic imbalances since the onset of its financial crisis.",
  "publishDate": "2017-02-07",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Major findings",
      "content": "- Greece has made significant progress in unwinding its macroeconomic imbalances since the onset of its financial crisis.\n- Extensive fiscal consolidation and internal devaluation have come at a high cost to society, reflected in declining incomes and exceptionally high unemployment.\n- Downside risks to the macroeconomic and fiscal outlook remain significant, related to incomplete or delayed policy implementation."
    },
    {
      "heading": "Growth and fiscal projections",
      "content": "- Long-term growth is expected to reach slightly lower than 1 percent.\n- The primary fiscal surplus is projected to come in at about 1.5 percent of GDP."
    },
    {
      "heading": "Policy implications and recommendations (inferred emphasis from findings)",
      "content": "- Maintain and complete policy implementation to reduce downside risks to the macroeconomic and fiscal outlook.\n- Balance fiscal consolidation with measures to mitigate social costs stemming from declining incomes and exceptionally high unemployment.\n- Continue structural reforms to support a sustained return to growth consistent with stabilization objectives."
    },
    {
      "heading": "Key statistics and identifiers from the publication",
      "content": "- Pages: 76\n- Volume: 2017\n- Issue: 044\n- Series: Country Report No. 2017/044\n- DOI: https://doi.org/10.5089/9781475576252.002\n- Stock No: 1GRCEA2017003\n- ISBN: 9781475576252\n- ISSN: 1934-7685\n\nSource: Greece: Ex-Post Evaluation of Exceptional Access Under the 2012 Extended Arrangement-Press Release; Staff Report;and Statement by the Executive Director for Greece, February 7, 2017.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/02/07/greece-ex-post-evaluation-of-exceptional-access-under-the-2012-extended-arrangement-press-44636"
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    "Published: February 7, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475576252.002",
    "Greece has made significant progress in unwinding its macroeconomic imbalances since the onset of its financial crisis.",
    "Extensive fiscal consolidation and internal devaluation have come at a high cost to society, reflected in declining incomes and exceptionally high unemployment.",
    "Downside risks to the macroeconomic and fiscal outlook remain significant, related to incomplete or delayed policy implementation.",
    "Long-term growth is expected to reach slightly lower than 1 percent.",
    "The primary fiscal surplus is projected to come in at about 1.5 percent of GDP.",
    "Maintain and complete policy implementation to reduce downside risks to the macroeconomic and fiscal outlook.",
    "Balance fiscal consolidation with measures to mitigate social costs stemming from declining incomes and exceptionally high unemployment.",
    "Continue structural reforms to support a sustained return to growth consistent with stabilization objectives.",
    "Pages: 76",
    "Volume: 2017",
    "Issue: 044",
    "Series: Country Report No. 2017/044",
    "DOI: https://doi.org/10.5089/9781475576252.002",
    "Stock No: 1GRCEA2017003",
    "ISBN: 9781475576252",
    "ISSN: 1934-7685",
    "**Country Report**"
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