Greece in recession: economic predictions, mispredictions and policy implications

Athanassios Petralias, Sotirios Petros and Prodromos Prodromidis

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We look into the available macroeconomic figures and the predictions made about the recession in Greece by international organizations, Greek research centers, and the Greek government; and suggest that the predictions regarding the decline in real GDP in recent years were overly optimistic. The same entities predict that real GDP will fall by 4.2-4.6% during 2013. However, by our calculations, the drop may be steeper than the one predicted, even if some of the assumptions made by these institutes or the government materialize. We hope the steps taken will disprove the accuracy of our prediction. To that end we provide some policy recommendations.

JEL-codes: C22 C33 C52 C53 E65 (search for similar items in EconPapers)
Date: 2013-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
http://eprints.lse.ac.uk/52626/ Open access version. (application/pdf)

Related works:
Working Paper: Greece in Recession: Economic predictions, mispredictions and policy implications (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:52626

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().