Greece: Staff Report for the 2001 Article IV Consultation

March 15, 2002

Preview Citation

Format: Chicago

Greece: Staff Report for the 2001 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 27, 2024

Summary

This 2001 Article IV Consultation highlights that strong economic growth continued in Greece in 2001, but the economy was not immune from the global slowdown. GDP increased by about 4 percent, led by robust domestic demand. Investment growth accelerated, following interest rate convergence with euro area rates, and further easing by the European Central Bank, although private consumption was buoyed by rapid credit growth. Core inflation has remained well above the euro area average. Falling energy prices have lowered headline inflation, as in the rest of the euro area.

Subject: Budget planning and preparation, Expenditure, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM)

Keywords: Authority, Budget planning and preparation, Central and Eastern Europe, Core inflation, CR, Debt ratio, EU average, Fiscal stance, GDP, Global, Headline inflation, ISCR, Privatization program, Public debt debt ratio, Surplus target

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/056
Stock No:

1GRCEA0012002
ISBN:

9781451816105
ISSN:

1934-7685

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