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In updated forecasts, IMF sees Greece meeting fiscal targets and debt falling
EconomyMacroeconomyFollowing the publication of the World Economic Outlook (WEO) as part of the IMF-World Bank Annual Meetings that are taking place this week in Bali, Indonesia the International Monetary Fund released the latest Fiscal Monitor (FM) with updated fiscal projections for Greece.
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IMF raises growth forecast for 2019, lowers sharply medium-term expectations
EconomyMacroeconomyIn the latest World Economic Outlook (WEO) issued on Monday as part of the IMF-World Bank Annual Meetings that are due to take place in Bali this week, the International Monetary Fund revised its GDP projections for Greece.
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FinMin sets out how it would alter policy mix to prevent pension cuts
EconomyMacroeconomyIn its efforts to avoid the politically sensitive issue of cutting pensions further, the Finance Ministry presented in the draft budget this week an alternative scenario consisting of a significantly different fiscal policy from the one included in the Medium-Term Fiscal Strategy (MTFS) this summer.
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Eurogroup suggests there is scope for pension cuts to be called off
EconomyProgrammeThe Greek government was given the clearest indication yet on Monday that its European lenders may agree to its request to scrap the pension cuts that are due to be implemented from the start of next year.
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Question mark over pension cuts in 2019 draft budget as Athens looks to lenders
EconomyProgrammeThe Greek government will not include next year’s pension cuts in the 2019 draft budget due to be submitted to Parliament on Monday as it steps up its efforts to scrap the measure, which was pre-legislated last year.
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Lenders set to keep coalition waiting for answer on pension cuts
PoliticsGreek PoliticsThe Greek government is likely to have to wait until the December 3 Eurogroup until it finds out whether its request for next year’s pension cuts to be shelved will be accepted by the country’s lenders.
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Mixed picture for government after first day of talks with creditors
EconomyProgrammeA mixed picture emerged following the first day of talks between Greek government officials and the institutions’ mission chiefs in Athens as part of the post-programme visit by the lenders, which began on Monday.
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Crisis-era productivity in Greece lowest among OECD countries
EconomyFeaturesA study by the Organisation for Economic Cooperation and Development (OECD) examining productivity levels over the last seven years found that Greece was the only country surveyed where productivity fell over the period.
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Last bailout tranche just days away as pension discussion looms
EconomyProgrammeAll the hurdles have been cleared for Greece to receive the last tranche of the third and final bailout as focus shifts to the discussions that Athens is due to have with the institutions in the coming weeks, particularly on the issue of next year’s pension cuts.
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IMF voices concerns over long-term debt, sees more relief being needed
EconomyProgrammeIn the report of the Article IV consultation with Greece, the International Monterary Fund (IMF) updated its Debt Sustainability Analysis (DSA) to incorporate the debt relief measures that were agreed by the Eurogroup in June.