Greece: Recent Economic Developments and Selected Issues

November 20, 1996

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Greece: Recent Economic Developments and Selected Issues, (USA: International Monetary Fund, 1996) accessed November 21, 2024

Summary

This paper reviews macroeconomic developments in the Greek economy in 1995 and early 1996. During that period, the economic recovery gathered strength, driven by a strong pick-up in domestic investment. Although the recovery led to a moderate increase in employment, it did not prevent an increase in the unemployment rate. Inflation continued to decelerate gradually through 1995, but picked up somewhat in the early months of 1996 reflecting in part one-off exogenous factors. These macroeconomic developments, as well as key structural measures adopted in 1995 and early 1996, are described in detail in this paper.

Subject: Employment, Labor, Labor force, Labor markets, Unemployment, Wages

Keywords: Capital account surplus, Central and Eastern Europe, Central government deficit, Chapter VIII, CR, Drachma, Eastern Europe, Employment, EU membership, EU transfer, Europe, Exchange rate, GDP, Greece, Inflation, ISCR, Labor force, Labor markets, Northern Europe, Southern Europe, Unemployment, Wages

Publication Details

Pages:

221
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/121
Stock No:

1GRCEA0011996
ISBN:

9781451816068
ISSN:

1934-7685

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