IDEAS home Printed from https://ideas.repec.org/a/ces/ifosdt/v55y2002i11p32-39.html
   My bibliography  Save this article

Greece: Economic boom with high inflation

Author

Listed:
  • Oscar-Erich Kuntze

Abstract

In Greece economic activity slowed down slightly in 2001 although economic policy provided very strong impulses. The gross domestic product grew strongly, however, at a 3.8% pace. On the labor market the situation improved only marginally, with average annual unemployment standing at 10.2 %. The inflation rate was 3.7 %. In 2002, the real gross domestic product will increase by around 31/2%. On the labor market the situation will not improve much, and the unemployment rate will be virtually unchanged at 10%. Consumer prices will be around 33/4% above the level of the previous year. In 2003 the upswing in economic activity should continue, with GDP increasing by around 4%. The unemployment rate will slip back to 91/2% and consumer prices will exceed the 2002 level by around 31/4%.

Suggested Citation

  • Oscar-Erich Kuntze, 2002. "Greece: Economic boom with high inflation," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 55(11), pages 32-39, June.
    • Handle: RePEc:ces:ifosdt:v:55:y:2002:i:11:p:32-39
    as

    Download full text from publisher

    File URL: https://www.ifo.de/DocDL/ifosd_2002_11_4.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifosdt:v:55:y:2002:i:11:p:32-39. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.