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EconomyProgramme
Athens to send draft budget to Brussels after talks with IMF on pensions The Greek government is expected to submit to the European Commission a version of its 2019 budget that is along the lines of the draft plan submitted to Greek Parliament on October 1, which includes a scenario in which the 1 percent of GDP in pension cuts agreed with the institutions are applied and one in which they are not.
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EconomyMacroeconomy
In updated forecasts, IMF sees Greece meeting fiscal targets and debt falling Following 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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EconomyMacroeconomy![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF raises growth forecast for 2019, lowers sharply medium-term expectations In 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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EconomyMacroeconomy
FinMin sets out how it would alter policy mix to prevent pension cuts In 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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EconomyProgramme
Eurogroup suggests there is scope for pension cuts to be called off The 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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EconomyProgramme
Question mark over pension cuts in 2019 draft budget as Athens looks to lenders The 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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PoliticsGreek Politics
Lenders set to keep coalition waiting for answer on pension cuts The 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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EconomyProgramme
Mixed picture for government after first day of talks with creditors A 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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EconomyFeatures
Crisis-era productivity in Greece lowest among OECD countries A 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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EconomyProgramme
Last bailout tranche just days away as pension discussion looms All 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.