PBO urges continued fiscal discipline amid growing instability
Rising bond yields a concern, but not an immediate fiscal problem
OECD finds tax cuts linked to pandemic helped reduce wedge on labour
Reopening of 7-year bond affirms tougher conditions on sovereign debt market
S&P moves Greece closer to investment grade, puts focus on budget and growth
BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
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.
The Paris-based organization sees Greece growing by 6.7 pct this year and just short of 5 pct in 2022, at 4.8 pct, before slowing down to 2.9 pct in 2023.
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