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EconomyFeatures
Greek competitiveness rank remains low as tax, bureaucracy create obstacles Greece has dropped one place in this year’s Global Competitiveness Index (GCI), standing at 87 overall out of 137 economies. The 87th spot was occupied by Algeria last year, which this year moved to number 86.
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EconomyMacroeconomy
OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief In its latest Economic Outlook report the OECD notes that the Greek economy is starting to recover and its fiscal target has been surpassed, but that the structural reform process has been uneven.
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Economy
Greece sees highest tax wedge increase among OECD countries in 2016 The tax wedge in Greece remained above the OECD average in 2016, when it increased by more than 1 percentage point (pp), which was the highest rise among the 35 OECD countries, the OECD Taxing Wages 2017 report revealed on Tuesday.
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Economy
OECD outlines five priorities for Greek reform agenda in 2017 The Organisation for Economic Cooperation and Development published on Friday its annual edition of Going for Growth report, proposing policy actions to boost productivity and growth ensuring at the same time that the benefits from the reforms implementation reach a vast majority of workers and households.
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EconomyMacroeconomy
Report shows Greek tax burden increased in 2015, remaining above OECD average The latest OECD report on Revenue Statistics published on Wednesday revealed Greece’s tax burden increased further by 1 percentage point (pp) to 36.8 percent of GDP in 2015 and remained above the OECD average of 34.3 percent for the third successive year.
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EconomyMacroeconomy
OECD expects Greek economy to recover, stresses need for structural reforms and debt relief In its latest Economic Outlook report published on Monday, the Organisation for Economic Cooperation and Development said it expects a rebound in the Greek economy in the next two years supported by structural reforms, rising business and consumer confidence and stabilisation of the economic and political environment.
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Economy
OECD proposes ways to improve competition, estimates positive economic impact at 414 mln The Organisation for Economic Cooperation and Development (OECD) published on Monday its third assessment of Greece’s competition laws and regulations, identifying those that may hinder the competitive and efficient functioning of markets.
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Society
Adult skills in Greece lacking, indicates OECD survey The share of adults in Greece who score at the highest levels of proficiency in literacy, numeracy and problem solving is considerably smaller than the OECD average, an adult skills audit by the Paris-based organisation has found.
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EconomyMacroeconomy
OECD sees economy picking up from second half of 2016, underlines need for reforms In its latest economic outlook published on Wednesday, the OECD says it expects the Greek economy to recover in the second half of 2016.
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EconomyMacroeconomy
Greek tax wedge remained far above OECD average in 2015 The tax wedge in Greece remained well above the OECD average in 2015, according to the OECD Taxing Wages 2016 report released on Tuesday.