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OECD
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Economy
OECD outlines several areas where reforms could boost growth potential The OECD published on Tuesday the annual Going For Growth report for 2023, with economic performance obstacles at country level and the relevant policy recommendations for four main areas.
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EconomyMacroeconomy
Wage rises become top issue but trajectory lined with obstacles Wages in Greece have featured prominently in this summer's election campaign as, in the midst of the cost-of-living crisis, there is a wider recognition by the leading parties that earnings in Greece need a boost.
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EconomyMacroeconomy
OECD ups growth outlook for 2023, warns about headwinds affecting demand and consumption The OECD has become the latest international organisation to incorporate the more positive outlook for the Greek economy into its projections, revising upwards its growth forecast for 2023, to 1.6 pct, from 1.1 pct in the January estimate.
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EconomyMacroeconomy
OECD sees recovery slowing, urges fiscal discipline OECD secretary-general Mathias Cormann visited Greece on Tuesday for a meeting with Prime Minister Kyriakos Mitsotakis as the think-tank published its latest economic report about the Greek economy.
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EconomyMacroeconomy
OECD lowers 2022 growth forecast to 2.8 pct as challenges mount The OECD revised down its growth forecasts for Greece for 2022 amidst surging global inflation, heightened uncertainty, and tighter monetary policy conditions.
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Economy OECD finds tax cuts linked to pandemic helped reduce wedge on labour The Greek government came into office in 2019 promising tax cuts and the adoption of the Stability and Growth Pact escape clause by the eurozone during the pandemic allowed New Democracy to reduce the tax wedge on labour, along with 43 billion euros of Covid-related relief over 2020 and 2021.
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Economy
OECD adds to strong recovery forecasts, sees 6.7 pct growth this year and 4.8 pct in 2022 The OECD is the latest international organization to affirm the view that Greece is experiencing a strong economic recovery this year and will see continued expansion into 2022, assisted by the RRF.
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EconomyMacroeconomy OECD ups 2021 growth estimate by nearly 3 points, underlines RRF impact The OECD released on Monday its latest Economic Outlook, in which it significantly revised its growth estimate for Greece for this year to 3.8 pct, from 0.9 pct in the previous forecast last December.
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Economy
OECD sees heavy hit from pandemic, gradual recovery in 2021 picking up pace in 2022 The OECD has released its latest economic outlook showing that Greece is unlikely to escape a significant economic downturn due to the second wave of the virus.
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Society
Women in Greece losing out on careers, education due to care burden, OECD finds The latest OECD report on Greece revealed that women continue to be underrepresented in the workplace largely due to the care responsibilities placed on them.