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Greece Background Paper

This Background Paper reviews economic developments in the real economy and the labor market of Greece during 1990–95. It presents the calculation of an index of coincident economic indicators, which is used to gauge the strength of the recovery. The paper highlights that in 1994, Greece’s external...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1995
Series:IMF Staff Country Reports
Subjects:
Depository Institutions
Inflation
Wealth
Economics
Public Debt
Banks
Budget Systems
Public Finance & Taxation
Banks And Banking
Saving
Government Consumption
Deflation
Debt Management
Micro Finance Institutions
Debts, Public
Debt
Budget Planning And Preparation
Mortgages
Budgeting
National Accounts
Sovereign Debt
Price Level
Saving And Investment
Budget
Consumption
Prices
Macroeconomics
Public Financial Management (pfm)
Macroeconomics: Consumption
Banking
National Budget
Budgeting & Financial Management
Public Finance
Private Savings
Greece
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Background Paper reviews economic developments in the real economy and the labor market of Greece during 1990–95. It presents the calculation of an index of coincident economic indicators, which is used to gauge the strength of the recovery. The paper highlights that in 1994, Greece’s external accounts strengthened considerably: the current account deficit improved to near-balance reflecting strong invisible receipts (mostly tourism), and substantial capital inflows—following the successful handling of the speculative attack against the drachma in May 1994—boosted official reserves to a record US$16.5 billion at end-June 1995
Physical Description:171 pages
ISBN:9781451816051

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