Greece 2016
| Autor principal: | |
|---|---|
| Autores Corporativos: | , |
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Paris :
OECD Publishing
[2016]
|
| Colección: | OECD Economic surveys (Series)
|
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009706828206719 |
Tabla de Contenidos:
- Table of contents; Basic statistics of Greece, 2014; Acronyms; Executive summary; The economy is gradually recovering from a deep recession but high social costs persist; Real GDP and unemployment rate; Significant structural reforms have been legislated, but their mix and implementation were uneven; Product market regulation index; Stronger exports and investment are a key to sustained recovery; Export performance and relative unit labour costs; Main findings and key recommendations; Assessment and recommendations; Signs of a turnaround are accumulating
- Figure 1. Unsustainable macroeconomic imbalances built up during the 2000sFigure 2. Well-being in Greece is significantly below the OECD average in several dimensions; Figure 3. Life satisfaction has declined significantly since the beginning of the crisis; Figure 4. The social cost of the crisis has been very high; Figure 5. Youth unemployment remains very high; The recovery has faced some setbacks, but extreme downside risks have receded; Figure 6. Confidence remains weak although tail risks have receded; Table 1. Macroeconomic projections; Box 1. Possible shocks to the Greek economy
- Strong exports and investment are the keys to sustained recoveryFigure 7. Trade openness is low compared to OECD countries; Figure 8. Participation in global value chains is weak; Figure 9. Export performance has been weak, but export growth excluding shipping has been in line with euro area exports since 2009; Figure 10. Foreign direct investment in Greece is low; Improving employment opportunities; Figure 11. Labour market regulations have eased; Figure 12. The minimum wage in Greece is relatively low; Figure 13. Female labour market participation in Greece continues to be low
- Strengthening fiscal policy is crucial for a sustained and inclusive recoveryFiscal consolidation has been very large, but is set to slow; Figure 14. Fiscal consolidation has been large; Figure 15. The pace of fiscal consolidation is projected to slow; Strengthening the social safety net; Figure 16. The composition of social expenditures does not match the changing social challenges; Figure 17. Housing problems among the vulnerable population are widespread; Recent pension reforms and additional changes under discussion help sustainability
- Figure 18. Pension reforms have improved the system's long-term sustainabilityFigure 19. Public expenditure on pensions remains very high; Fighting tax evasion to increase fairness and raise revenue; Figure 20. Strengthening the tax administration would increase compliance; Stronger fiscal institutions would improve fiscal policy outcomes; Dealing with high public debt; Figure 21. Debt will remain high and gross financing needs will increase significantly in the long run; Getting credit growth started again; Figure 22. Loans to the private sector grew sharply before the crisis
- Figure 23. Non-performing loans increased significantly during the crisis
