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OECD
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EconomyMacroeconomy
OECD sees stable growth path of 2 pct in 2025, long-term challenges persist The OECD published on Tuesday its latest economic outlook, which sees a stable growth path for Greece, broadly in line with the latest estimates by most organisations and the Greek authorities.
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EconomyMacroeconomy
OECD sees stable growth of 2.2 pct next year and persistent structural challenges The OECD published on Wednesday the latest economic outlook with the growth estimates for Greece broadly in line with other international organisations and the Finance Ministry’s forecasts. The report also outlines a number of challenges for the economy from the medium-term.
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EconomyMacroeconomy
OECD report underlines sobering reality of economic recovery The latest hit to efforts to create a buzz around the Greek economy came this week from the OECD’s How’s Life 2024 report, with the challenges outlined in an op-ed by the country’s representative at the Paris-based think-tank a few days ago.
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EconomyMacroeconomy OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline In its latest economic outlook, the OECD is slightly more optimistic about Greece’s growth prospects, although 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.
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Economy OECD outlines several areas where reforms could boost growth potential The OECD published on Tuesday the annual Going For Growth report for 2023, with economic performance obstacles at country level and the relevant policy recommendations for four main areas.
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EconomyMacroeconomy
Wage rises become top issue but trajectory lined with obstacles Wages in Greece have featured prominently in this summer's election campaign as, in the midst of the cost-of-living crisis, there is a wider recognition by the leading parties that earnings in Greece need a boost.
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EconomyMacroeconomy OECD ups growth outlook for 2023, warns about headwinds affecting demand and consumption The OECD has become the latest international organisation to incorporate the more positive outlook for the Greek economy into its projections, revising upwards its growth forecast for 2023, to 1.6 pct, from 1.1 pct in the January estimate.
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EconomyMacroeconomy
OECD sees recovery slowing, urges fiscal discipline OECD secretary-general Mathias Cormann visited Greece on Tuesday for a meeting with Prime Minister Kyriakos Mitsotakis as the think-tank published its latest economic report about the Greek economy.
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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.