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IMF

Shadow Economy in Greece is Shrinking, IMF Says

The shadow economy in Greece fell to 16 percent of GDP in 2021 according to the latest report by researchers at the International Monetary Fund (IMF). The report titled "Recent Trends of Informality in Greece: Evidence from Subnational Data" notes...

AI to Hit Almost 40% of Jobs Worldwide, Warns IMF

A recent warning from the International Monetary Fund (IMF) highlighted the potential impact of artificial intelligence (AI) on jobs worldwide. The IMF, based in Washington, D.C., stated that almost 40% of jobs globally could be influenced by AI. Moreover, high-income...

IMF’s Key Findings and Recommendations for Greece

Greece’s economy is expected to expand by 2.5% this year due to strong domestic demand, investments and EU funds, the International Monetary Fund (IMF) said on Tuesday. Growth will slow down to 2.0% next year, the fund said in staff...

IMF: Greek Economy to Grow Faster Than Eurozone Average

The Greek economy is expected to grow by 2.5% this year and 2% in 2024, significantly exceeding average growth rates of 0.7% and 1.2% in the eurozone, the International Monetary Fund (IMF) said in its World Economic Outlook report...

Is the De-dollarization of the World Economy Underway?

For almost a century, the US dollar has been the world's reserve currency. This means that the central banks primarily conduct international transactions and settle international debts using the dollar. However, some economists are pointing to signs of de-dollarization; that...

IMF: Greece to Return to Primary Surpluses in 2023

Greece will return to primary surpluses from 2023 and remain on a course of reducing its public debt, the IMF said in its Fiscal Monitor report released on Wednesday. The Fund sees the general government's primary surplus at 0.9% of...

La Griega (The Greek) Silvina Batakis Becomes Argentina’s Finance Minister

Silvina Batakis, nicknamed La Griega ("the Greek"), a leftist economist of Greek descent, was appointed Finance Minister in Argentina on Sunday, a day after the abrupt resignation of Martín Guzmán. Batakis will be responsible for managing an economy burdened with...

Greece Repays IMF Bailout-Era Debt Two Years Early

On Monday, Greece repaid its bailout-era debts to the International Monetary Fund (IMF), some two years early, Finance Minister Christos Staikouras announced. Staikouras added in a statement, "A chapter that opened in May 2010, with Greece's recourse to the Fund...

Greece to Repay IMF Bailout-Era Debt Two Years Early

Greece will repay its bailout-era debts to the International Monetary Fund (IMF) in April, some two years early, Finance Minister Christos Staikouras announced on Saturday. Speaking on Skai TV, Staikouras said that the final payment will be made "in the...

IMF: Economy of Greece to Bounce Back Significantly in 2022

The economy of Greece is projected to grow by 5.4 per cent in 2022, the International Monetary Fund (IMF) said.