{
  "title": "Greece: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece",
  "publication": "IMF Staff Country Reports, June 21, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2022/06/16/greece-2022-article-iv-consultation-press-release-staff-report-and-statement-by-the-519669",
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  "summary": "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, and bank balance sheet repair.",
  "sections": [
    {
      "heading": "Economic recovery and reform progress",
      "content": "- Greece has weathered the pandemic well, with a considerably stronger-than-expected recovery.\n- Reforms progressed in several areas, including:\n  - digitalization\n  - privatization\n  - improving the fiscal policy mix\n  - bank balance sheet repair"
    },
    {
      "heading": "IMF relationship and surveillance",
      "content": "- Greece finalized its early repayment to the IMF on April 4.\n- Greece is expected to graduate from the quarterly European Institutions’ Enhanced Surveillance framework on schedule by August 2022."
    },
    {
      "heading": "Growth, inflation, and near-term outlook",
      "content": "- Despite the adverse impact of the war in Ukraine, growth is projected to remain robust at 3.5 percent this year.\n- High energy prices are expected to push up average inflation to 6.1 percent."
    },
    {
      "heading": "Public debt and external sector",
      "content": "- Public debt is on a downward trajectory.\n- Rollover risks appear manageable.\n- The external position last year was moderately weaker than that consistent with fundamentals and desirable policies."
    },
    {
      "heading": "Report metadata and subjects (as presented)",
      "content": "- Pages: 82\n- Volume: 2022\n- Issue: 173\n- Series: Country Report No. 2022/173\n- Stock No: 1GRCEA2022001\n- DOI: https://doi.org/10.5089/9798400212772.002\n- ISBN: 9798400212772\n- ISSN: 1934-7685\n- Subject: Financial institutions, Fiscal policy, International organization, Loans, Monetary policy, Nonperforming loans, Public debt, Revenue administration, Tax administration core functions\n- 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\n\nGreece: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece\n\n---\n\n Content in this bundle\n\n- 1grcea2022001\n  - 1grcea2022001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1grcea2022001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 21, 2022",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400212772.002",
    "Greece has weathered the pandemic well, with a considerably stronger-than-expected recovery.",
    "Reforms progressed in several areas, including:",
    "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.",
    "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.",
    "Rollover risks appear manageable.",
    "The external position last year was moderately weaker than that consistent with fundamentals and desirable policies.",
    "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",
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