Greece: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece

International Monetary Fund

No 2025/085, IMF Staff Country Reports from International Monetary Fund

Abstract: The 2025 Article IV Consultation discusses that Greece’s near-term economic outlook remains favorable, establishing a solid foundation to address remaining crisis legacies and structural imbalances necessary for achieving sustainable growth in the medium to long term. The right policy mix and ambitious reforms to address supply-side structural impediments will be essential for sustaining high growth, ensuring fiscal sustainability, and safeguarding financial stability. Maintaining primary surpluses above 2 percent of gross domestic product (GDP) in the medium term will further enhance public debt sustainability and build buffers against future shocks. Given the substantial investment needs, especially for the green transition and energy security, fiscal policy should prioritize public investment to achieve sustainable growth. Raising labor force participation, particularly for women, and cultivating a better-skilled workforce are essential for enhancing growth prospects. Amid accelerating credit growth, monitoring of risks associated with credit exposure should be further strengthened. Borrower-based measures for mortgages and the counter-cyclical capital buffer should be calibrated to align with emerging risks.

Keywords: SDR million; headline inflation; government payment process; currency of Greece; asset accounting training; transparency policy; Labor force participation; Gender inequality; Public investment spending; Global (search for similar items in EconPapers)
Pages: 67
Date: 2025-04-07
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