OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline

EconomyMacroeconomy Tags: Budget, Debt, GDP, OECD, Reforms
Photo via http://www.oecd.org/
Photo via http://www.oecd.org/

In its latest economic outlook, the OECD is slightly more optimistic about Greece’s growth prospects, although – like other international organisations – it warns that there is no room for complacency as the economy’s structural challenges need to be addressed and the public spending the economy requires will lose the boost it had received from the RRF when the scheme concludes in 2026. 

The OECD upped its 2024 growth forecast to 2 pct, from 1.6 pct in the previous estimate, although this revision does not come from higher investments but more robust private consumption spending, which is now seen rising by 1.7 pct this year, from 1 pct...

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