IMF: Greece’s Public Debt to Drop Nearly 30% Points by 2029
The forecast was included in the D.C.-based Fund’s Fiscal Monitor report on global fiscal developments
The forecast was included in the D.C.-based Fund’s Fiscal Monitor report on global fiscal developments
Projected consumer prices are forecast to rise by 2.7%
The country's efforts at digitalization and in combatting tax evasion seem to be bearing fruit
The ongoing protests by farmers in France and Germany have prompted responses from President Emmanuel Macron and Chancellor Olaf Scholz, leading to a series of announcements
In the report, the IMF is also raising some concerns about the Greek banking system, urging Greek authorities to take measures
The IMF predicts a real GDP growth of 2.3% in 2023 (revised from the previous 2.5%) and 2.1% in 2024 (revised from 2%)
Next month Greece will repay 5.3 billion euros ahead of schedule and hopes to continue the trend in 2024
Increase spending on health, education, supporting the vulnerable – Risks from rising property prices, interest rates, inflation and climate change
Unemployment is expected to stand at 10.8 percent in 2023; 9.3 percent in 2024
The forecasts for income and expenses for the following years
A final decision will be taken next year
The advice to Greece
Greek Finance Minister Christos Staikouras on Thursday briefed representatives of several international banking groups and ratings agencies
The updated forecasts are listed in the Fiscal Monitor report, which was released on Thursday.
The IMF cited a significant reduction in unemployment in the country in 2022, compared to 2021
The Greek finance minister's meeting
Τhe benefits from exiting
Recommendation for structural reforms and prudent policy
Greece completed the early payment of all outstanding IMF credit in April
On April 23, 2010, twelve years ago, then Prime Minister George Papandreou, from the easternmost frontier of Greece, the island of Kastelorizo, announcedthat Greece's appeal to the European support mechanism
The mission recommended maintaining an accommodative fiscal stance in 2022 and reaching a primary surplus in 2023
One of the priorities of the current center-right Mitsotakis government since it was elected in July 2019 was to repay institutional creditors’ loans before maturity
The German newspaper writes that Athens has a "cushion" of liquidity of about 40 billion euros
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