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Greece: reforming impetus lost

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  • Oscar-Erich Kuntze

Abstract

In Greece the economy is in an upswing with real GDP expanding at a 4.1% pace in 2000. On the labour market, the situation has improved: the unemployment rate fell, on average, by 0.7 percentage points to 11%. Inflation stood at 2.9%. In 2001, real GDP should increase by ca. 3½%. The unemployment rate will remind at 11% for the year. Consumer prices will increase by an annual 4%. In 2002 the economy will grow at a faster pace.

Suggested Citation

  • Oscar-Erich Kuntze, 2001. "Greece: reforming impetus lost," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(16), pages 25-30, October.
    • Handle: RePEc:ces:ifosdt:v:54:y:2001:i:16:p:25-30
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    More about this item

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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