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Greece : fourth review under the extended arrangement under the extended fund facility, and request for waivers of applicability and modification of performance criterion : staff report, staff statement, press release, and statement by the executive director for Greece /
This paper discusses Greece's Fourth Review Under the Extended Arrangement under the Extended Fund Facility, and Request for Waivers of Applicability and Modification of Performance Criterion. The economy is rebalancing, but it continues to do so through recession, not productivity-enhancing st...
| Clasificación: | Libro Electrónico |
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| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, District of Columbia :
International Monetary Fund,
[2013]
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| Colección: | IMF country report ;
no. 13/241. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This paper discusses Greece's Fourth Review Under the Extended Arrangement under the Extended Fund Facility, and Request for Waivers of Applicability and Modification of Performance Criterion. The economy is rebalancing, but it continues to do so through recession, not productivity-enhancing structural reform. Domestic demand continues to fall albeit at a moderating pace, and import compression has resulted in a further shrinking of the current account deficit. The large output gap and high unemployment rate are exerting downward pressure on wages, and the competitiveness gap in unit labor cost terms has narrowed further. Product prices are also easing. Sentiment indicators have improved, but the political crisis has had a dampening effect. |
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| Descripción Física: | 1 online resource (208 pages) : color illustrations |
| ISBN: | 9781484369807 1484369807 148435091X 9781484350911 1475568444 9781475568448 1484392191 9781484392195 |
| ISSN: | 2227-8907 2227-8907 ; |