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Updated IMF DSA sees Greek debt as sustainable in medium-term, risks over long-term
The International Monetary Fund (IMF) issued this week the latest post-programme monitoring report, the second since the summer of 2018, when the last programme ended.
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IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year
The International Monetary Fund has issued its updated macroeconomic forecasts for Greece within the framework of the World Economic Outlook and the Fiscal Monitor released within as part of the IMF’s Annual Meetings.
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IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
The International Monetary Fund (IMF) concluded on Friday its second post-programme monitoring mission, which took place remotely, by publishing the staff concluding statement.
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IMF expects difficult year for public finances, PBO highlights impact on labour force
The IMF released on Wednesday its Fiscal Monitor report, which compounded the grim picture for Greece on the budget front, after the forecast for a 10 pct in the World Economic Outlook that was published on Tuesday.
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
The IMF released on Tuesday its latest economic estimates in the context of the World Economic Outlook, which has incorporated the impact of what it calls The Great Lockdown that sees global GDP dropping by 3 pct in 2020, subject to various uncertainties.
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In Washington, Mitsotakis stresses economic recovery, geopolitical importance as IMF departure announced
Prime Minister Kyriakos Mitsotakis had the opportunity on Tuesday to fill US President Donald Trump in on Greece’s economic recovery, while also gauging the level of support Athens can expect from Washington in the former’s escalating dispute with Turkey.
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IMF paper suggests shadow economy still thriving
A working paper from the International Monetary Fund (IMF) on the shadow economy of Europe has shown that the phenomenon continues to persist in the Greek economy.
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Focus shifts to DSA, fiscal targets after IMF loan prepayment
The Greek Finance Ministry announced on Monday that the process of prepaying some of the outstanding obligations to the IMF has been completed after Athens paid ahead of time 2.7 billion euros.
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Despite differing views IMF and EC see no immediate debt sustainability concerns
Greece’s debt sustainability was assessed again by the two main institutions tasked with the analysis of the viability of the country’s debt, the IMF as part of the Article IV consultation process published last week and the European Commission in the fourth post-programme review released on Wednesday.
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IMF consultation report pinpoints health of Greek banks as central to growth
In the Article IV consultation report that was published on Friday, the International Monetary Fund (IMF) took a detailed look into Greece’s banking sector, as the Fund has repeatedly stated that restoring Greek banks back to health is a prerequisite for the country to attract investment and achieve higher growth rates, while it remains an area of fiscal and wider financial stability risks.