{
  "title": "Greece's Investment Gap",
  "publication": "IMF Working Papers, January 28, 2022",
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  "summary": "Greece’s investment rate plunged following the Sovereign Debt Crisis (SDC) and remained one of the lowest in the world in 2019. This paper explores recent investment dynamics and compares them against estimated benchmarks.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Greece’s investment rate plunged following the Sovereign Debt Crisis (SDC) and remained one of the lowest in the world in 2019.\n- The paper explores recent investment dynamics and compares them against estimated benchmarks.\n- The authors conclude that Greece has been under-investing since the SDC, with private investment notably lagging behind."
    },
    {
      "heading": "Key findings",
      "content": "- The estimated investment gap in 2019 ranges from 1.6–8 percent of GDP.\n- Private investment has notably lagged public investment since the SDC.\n- Structural impediments have constrained corporate investment.\n- Business cycle and balance sheet developments have held back household investment."
    },
    {
      "heading": "Drivers of the investment shortfall",
      "content": "- Structural impediments affecting corporate sector investment.\n- Business cycle developments reducing aggregate demand for investment.\n- Household balance sheet constraints limiting household investment decisions."
    },
    {
      "heading": "Policy recommendations",
      "content": "- Implement structural reforms to remove bottlenecks to corporate investment.\n- Improve the efficiency of public investment.\n- Adopt measures to boost household investment."
    },
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      "content": "- Authors: Shiqing Hua, Marina Mendes Tavares\n- Date: January 28, 2022\n- Series: IMF Working Papers, Working Paper No. 2022/013\n- Pages: 28\n- ISBN: 9798400201257\n- ISSN: 1018-5941\n\nGreece's Investment Gap, IMF Working Papers, January 28, 2022.\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2022/01/28/greece-s-investment-gap-512324"
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    "Authors: Shiqing Hua, Marina Mendes Tavares",
    "Published: January 28, 2022",
    "Series: IMF Working Papers",
    "Greece’s investment rate plunged following the Sovereign Debt Crisis (SDC) and remained one of the lowest in the world in 2019.",
    "The paper explores recent investment dynamics and compares them against estimated benchmarks.",
    "The authors conclude that Greece has been under-investing since the SDC, with private investment notably lagging behind.",
    "The estimated investment gap in 2019 ranges from 1.6–8 percent of GDP.",
    "Private investment has notably lagged public investment since the SDC.",
    "Structural impediments have constrained corporate investment.",
    "Business cycle and balance sheet developments have held back household investment.",
    "Structural impediments affecting corporate sector investment.",
    "Business cycle developments reducing aggregate demand for investment.",
    "Household balance sheet constraints limiting household investment decisions.",
    "Implement structural reforms to remove bottlenecks to corporate investment.",
    "Improve the efficiency of public investment.",
    "Adopt measures to boost household investment.",
    "Authors: Shiqing Hua, Marina Mendes Tavares",
    "Date: January 28, 2022",
    "Series: IMF Working Papers, Working Paper No. 2022/013",
    "Pages: 28",
    "ISBN: 9798400201257",
    "ISSN: 1018-5941",
    "**Working Paper**"
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