European Commission (EC) released on May 3 (Holy Friday for Greek Orthodox) its spring economic forecasts on Greek economy under the title “Contraction combined with a rebound of confidence” noting that a recovery in the Greek economy is expected to … Continue reading
In its latest edition of World Economic Outlook and Fiscal Monitor released on April 16, ‘13, IMF sees Greek GDP contracting 4.2% in 2013 and rebounding 0.6% in 2014, while unemployment rate is expected to rise from 24.2% in 2012 … Continue reading
The Executive Board of the IMF completed on January 16 the first and second review of Greece’s economic performance enabling the disbursement of the €3.24 tranche. Following Executive Board’s discussion, IMF Managing Director Christine Lagarde issued a brief statement with … Continue reading
Following a 12-hour Eurogroup meeting in Brussels on November 26/27, eurozone FinMins and the IMF reached the long-awaited agreement on Greece including debt buyback, significant extension of maturities, reduction of interest rates, deferral of interest payments and return of SMP … Continue reading
During the regular bi-weekly press briefing held in Washington yesterday, IMF spokesman Gerry Rice confirmed that discussions on financing gap and debt sustainability have not been concluded, while there is good progress on fiscal and structural reforms.
In its latest edition of World Economic Outlook and Fiscal Monitor, IMF sees Greek GDP contracting 6.0% in 2012 and 4.0% in 2013, while unemployment rate is expected to substantially rise from 17.3% in 2011 to 23.8% in 2012 and … Continue reading
Following a speech at the Peterson Institute for International Economics, IMF Managing Director Christine Lagarde was asked to comment on recent press reports indicating a collapse in the discussions between the troika mission and the Greek authorities as well as … Continue reading
During a roundtable interview held at IMF headquarters in Washington, IMF Managing Director Christine Lagarde noted on Greece that
In its latest Fiscal Monitor , IMF notes that “the situation in Greece remains fluid stressing that macroeconomic deterioration and uneven reform implementation have weighed on revenues this year, while financing constraints are leading to under-execution of budgeted expenditures“.
In an interview with CNBC, IMF Managing Director Christine Lagarde stated on Greek new coalition government that “I’m quite pleased to see that the Greek authorities are aware of the fact that they have to demonstrate their determination to own, … Continue reading
During the regular bi-weekly press briefing, IMF spokesman Gerry Rice stated that “In terms of the main findings, it is too early to get into details, but I think we can say that there are policy implementation delays in a … Continue reading