{
  "title": "Greece: 2023 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Greece",
  "publication": "IMF Staff Country Reports, January 24, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/01/23/greece-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544031",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2024/01/23/greece-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544031",
  "overlayPath": "/en/publications/cr/issues/2024/01/23/greece-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544031/index.md",
  "summary": "The 2023 Article IV Consultation highlights that Greece’s economic outlook has improved notably. Growth-friendly fiscal consolidation can further strengthen public debt sustainability while supporting inclusive and green growth.",
  "sections": [
    {
      "heading": "Key findings and outlook",
      "content": "- Greece’s economic outlook has improved notably.\n- Comprehensive reforms to address structural supply impediments would lift medium-term growth prospects amid a negative demographic outlook.\n- Expeditious implementation of the National Recovery and Resilience Plan would help raise productivity by supporting the green and digital transition, and reskilling and upskilling the labor force.\n- Continued reforms in digitalizing public administration and tackling barriers to more competition would unlock higher private investment and improve productivity.\n- Rationalizing regulations would improve business dynamism and resource allocation."
    },
    {
      "heading": "Fiscal policy and public debt sustainability",
      "content": "- Growth-friendly fiscal consolidation can further strengthen public debt sustainability while supporting inclusive and green growth.\n- Further tightening in the near term and maintaining a primary surplus in the medium term would help further strengthen public debt sustainability while limiting additional pressure on inflation."
    },
    {
      "heading": "Financial sector resilience and risk management",
      "content": "- The resilience of the financial system should be further strengthened in an environment of higher-for-longer interest rates.\n- The monitoring and management of risks associated with interest rates, liquidity and funding, and credit exposures should be further strengthened."
    },
    {
      "heading": "Reforms and productivity-enhancing measures",
      "content": "- Comprehensive reforms to address structural supply impediments are necessary given a negative demographic outlook.\n- Continued reforms in digitalizing public administration and tackling barriers to more competition would unlock higher private investment and improve productivity.\n- Expeditious implementation of the National Recovery and Resilience Plan would support the green and digital transition and labor reskilling/upskilling."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Publication date: January 24, 2024\n- Pages: 79\n- Volume: 2024\n- Issue: 023\n- Series: Country Report No. 2024/023\n- DOI: https://doi.org/10.5089/9798400263262.002\n- Stock No: 1GRCEA2024001\n- ISBN: 9798400263262\n- ISSN: 1934-7685\n- Subjects: Financial institutions; Income; Inflation; International organization; Loans; Monetary policy; National accounts; Prices; Public debt; Revenue administration\n- Keywords: bank profit; climate change adaptation; core inflation; currency of Greece; Global; goods trade balance statistics; government payment process; headline inflation; higher-for-longer interest rates; household resilience; IMF quota; Income; Inflation; liability positions vis-à-vis nonresident; Loans; money market rate; potential GDP; SDR million; transparency policy\n\nSummary derived from \"Greece: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece\" (IMF Staff Country Reports 2024, 023).\n\n---\n\n Content in this bundle\n\n- 1grcea2024001\n  - 1grcea2024001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1grcea2024001 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2024/01/23/greece-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544031/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2024/01/23/greece-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544031/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2024/01/23/greece-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544031/bundle-manifest.json)",
    "Published: January 24, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400263262.002",
    "Greece’s economic outlook has improved notably.",
    "Comprehensive reforms to address structural supply impediments would lift medium-term growth prospects amid a negative demographic outlook.",
    "Expeditious implementation of the National Recovery and Resilience Plan would help raise productivity by supporting the green and digital transition, and reskilling and upskilling the labor force.",
    "Continued reforms in digitalizing public administration and tackling barriers to more competition would unlock higher private investment and improve productivity.",
    "Rationalizing regulations would improve business dynamism and resource allocation.",
    "Growth-friendly fiscal consolidation can further strengthen public debt sustainability while supporting inclusive and green growth.",
    "Further tightening in the near term and maintaining a primary surplus in the medium term would help further strengthen public debt sustainability while limiting additional pressure on inflation.",
    "The resilience of the financial system should be further strengthened in an environment of higher-for-longer interest rates.",
    "The monitoring and management of risks associated with interest rates, liquidity and funding, and credit exposures should be further strengthened.",
    "Comprehensive reforms to address structural supply impediments are necessary given a negative demographic outlook.",
    "Continued reforms in digitalizing public administration and tackling barriers to more competition would unlock higher private investment and improve productivity.",
    "Expeditious implementation of the National Recovery and Resilience Plan would support the green and digital transition and labor reskilling/upskilling.",
    "Publication date: January 24, 2024",
    "Pages: 79",
    "Volume: 2024",
    "Issue: 023",
    "Series: Country Report No. 2024/023",
    "DOI: https://doi.org/10.5089/9798400263262.002",
    "Stock No: 1GRCEA2024001",
    "ISBN: 9798400263262",
    "ISSN: 1934-7685",
    "Subjects: Financial institutions; Income; Inflation; International organization; Loans; Monetary policy; National accounts; Prices; Public debt; Revenue administration",
    "Keywords: bank profit; climate change adaptation; core inflation; currency of Greece; Global; goods trade balance statistics; government payment process; headline inflation; higher-for-longer interest rates; household resilience; IMF quota; Income; Inflation; liability positions vis-à-vis nonresident; Loans; money market rate; potential GDP; SDR million; transparency policy",
    "**1grcea2024001**"
  ],
  "related": [
    {
      "title": "1grcea2024001",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2024/english/1grcea2024001.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2024/english/1grcea2024001.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2024/english/1grcea2024001.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2024/01/23/greece-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544031/index.md",
    "json": "/en/publications/cr/issues/2024/01/23/greece-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544031/index.json",
    "bundleManifest": "/en/publications/cr/issues/2024/01/23/greece-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544031/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-11T17:48:14.875Z"
}