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This paper discusses Greece's Fifth Review Under the Extended Arrangement Under the Extended Fund Facility (EFF), and … Request for Waiver of Nonobservance of Performance Criterion and Rephasing of Access. Greece has gone from having the weakest …
Persistent link: https://www.econbiz.de/10014409463
The short-term objectives are being met, but medium-term targets and sustainability have to be worked on. The impressive fiscal adjustment evident since the crisis erupted is continuing. The Executive Directors commend the Greek government’s determination to focus on overdue spending cuts....
Persistent link: https://www.econbiz.de/10014395151
Greece’s deep recession has continued unabated, with the economy struggling to gain traction against domestic political … progress with structural reforms. The structural transformation of Greece’s economy continues to proceed at a slow pace, and … this is making Greece’s adjustment more costly. Institutional reforms continued to disappoint during 2012, again …
Persistent link: https://www.econbiz.de/10014395412
The 2023 Article IV Consultation highlights that Greece's economic outlook has improved notably. Growth-friendly fiscal …
Persistent link: https://www.econbiz.de/10015058734
Greece has weathered the pandemic well, with a considerably stronger-than-expected recovery. Reforms progressed in … several areas, including digitalization, privatization, improving the fiscal policy mix, and bank balance sheet repair. Greece …
Persistent link: https://www.econbiz.de/10015060353
Greece entered the pandemic with an unfinished recovery, but the country has demonstrated resilience in facing COVID-19 …. The economy contracted by 8.2 percent in 2020, better than expected given Greece's high dependence on tourism and pre …
Persistent link: https://www.econbiz.de/10015060621
This 2019 Article IV Consultation with the Republic of Croatia discusses that it experienced its fifth consecutive year of solid economic growth, once again driven largely by private consumption and tourism. Employment gains have been robust, wages have continued to rise, while import prices...
Persistent link: https://www.econbiz.de/10014407910
This 2015 Article IV Consultation highlights that Sweden's economy is performing well, with real GDP growth of 3.4 percent per year in the first three quarters of 2015, up from 2.3 percent in 2014. Job creation was robust in the first three quarters of 2015, helping bring the unemployment rate...
Persistent link: https://www.econbiz.de/10014407934
This 2015 Article IV Consultation highlights that Estonia's economic growth has slowed following the rebound from the deep recession in 2009. Although Estonia's economic and institutional fundamentals are among the strongest in the region, the economy is expected to expand by only a modest 1.6...
Persistent link: https://www.econbiz.de/10014407941
This paper discusses Serbia's Third Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria (PCs). The program is delivering good results. Significant fiscal tightening and efforts to address structural weaknesses and improve the business climate have helped...
Persistent link: https://www.econbiz.de/10014407953