Greece: Staff Report for the 2006 Article IV Consultation

International Monetary Fund

No 2007/026, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2006 Article IV Consultation highlights that economic growth of Greece has been strong for several years, underpinned by a rapid increase in private sector credit, following the liberalization of the financial sector and the sharp drop in interest rates. In 2006, real GDP rose by an estimated 4.1 percent, driven by private domestic demand and a pickup in goods exports. The authorities have introduced a number of significant structural measures to improve product markets. These include simplified business licensing procedures for industrial firms, more flexible overtime, and liberalization of network industries.

Keywords: ISCR; CR; deficit; government; reform; pose downside risk; public enterprise reform; current account; private sector credit; GDP revision; GDP data; Fiscal stance; Loans; Europe (search for similar items in EconPapers)
Pages: 55
Date: 2007-01-25
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Citations: View citations in EconPapers (4)

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