Greece: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 005

Publication date: January 2006

ISBN: 9781451816242

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Labor , Public Finance , Taxation - General , Demography , Emigration and Immigration , ISCR , CR , pension benefit , TFP growth , GDP growth , labor force , pension expenditure , participation rate , Pension spending , Pensions , Aging , Migration , Total factor productivity , Eastern Europe , Europe , publication policy , pension deficit , reader comment , evolution of pensioner , Social security contributions

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Summary

This Selected Issues paper analyzes the growth prospects of the Greek economy. It is estimated that exceptional factors boosted growth by 1 percentage point per year in recent years and, under current trends and policies, growth is likely to drop to about 3 percent by the end of the decade. The paper places the recent strong growth performance of the Greek economy in a historical and international context. It also assesses the impact of exceptional factors on growth, and presents statistical estimates of potential growth.