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Greece: Staff Report for the 2006 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2006 Article IV Consultation highlights that economic growth of Greece has been strong for several years, underpinned by a rapid increase in private sector credit, following the liberalization of the financial sector and the sharp drop in interest rates. In 2006, real GDP rose by an estimated 4.1 percent, driven by private domestic demand and a pickup in goods exports. The authorities have introduced a number of significant structural measures to improve product markets. These include simplified business licensing procedures for industrial firms, more flexible overtime, and liberalization of network industries.

Suggested Citation

  • International Monetary Fund, 2007. "Greece: Staff Report for the 2006 Article IV Consultation," IMF Staff Country Reports 2007/026, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/026
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=20255
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    Citations

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    Cited by:

    1. Mr. Ananthakrishnan Prasad & Mr. Adarsh Kishore, 2007. "Indian Subnational Finances: Recent Performance," IMF Working Papers 2007/205, International Monetary Fund.
    2. Calmfors, Lars, 2011. "The Swedish Fiscal Policy Council," Seminar Papers 769, Stockholm University, Institute for International Economic Studies.
    3. International Monetary Fund, 2008. "Republic of Palau: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2008/162, International Monetary Fund.
    4. Tommaso Nannicini & Andreas Billmeier, 2011. "Economies in Transition: How Important Is Trade Openness for Growth?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 73(3), pages 287-314, June.

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