Greece

Andreea-Emanuela Drăgoi

Conjunctura economiei mondiale / World Economic Studies, 2013

Abstract: Since 2009, the year of the maximum contagion effect of the global economic crisis, the Greek economy has gone through three years of prolonged recession. The main vulnerabilities have been the high levels of public debt and budget deficit, well above the limit of 3% from GDP, and the sharp increase of unemployment. Although Greece has received massive financial support from the "Troika" (EU, IMF, ECB) Greece is still struggling with the consequences of the sovereign debt crisis. Our analysis aims to present the evolution of main macroeconomic indicators in 2012 also highlighting the 2013 forecasts for the Greek economy, pointing out possible exit scenarios from this prolonged crisis.

Keywords: Greece economy; public debt; general government balance; sovereign debt crisis (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2013:id:2822000009562047

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