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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.
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EconomyFeatures R&D and innovation remain low in Greece, OECD finds The OECD 2020 report on Greece highlights a persisiting lack of R&D and innovation in the economy and lower productivity compared to other countries.
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EconomyBanking OECD advocates closer look at health and capital quality of Greek banks In its latest survey for Greece, published on Wednesday, the OECD draws attention to the Greek banking system and the importance of improving banks’ balance sheets so the lenders can resume their critical role of financing the economy, particularly due to the difficulties caused by the pandemic.
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Economy
OECD releases new outlook calling for sustained reforms post Covid-19 The latest OECD outlook for Greece, made public on Wednesday, has shown that Greece’s economy was growing at the steady pace of close to 2 percent in the three years before the coronavirus pandemic, which heralded a slowdown.
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EconomyFeatures
OECD forecasts unemployment increase into 2021 The OECD has released its employment outlook for 2020 in the context of the coronavirus crisis, highlighting the impact that the pandemic will have on the global job market.