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Greek household income falls almost 30 pct in 8 years, finds OECD Household disposable income fell by 27.5 percent per capita in Greece from 2007 to the first quarter of 2015, bucking the trend in the world’s leading industrialised nations, where the figure went up by 8.13 percent.
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EconomyMacroeconomy
OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures In its latest Economic Outlook report released on Wednesday, the OECD slashed its Greek GDP estimates to 0.1 percent in 2015 from 2.3 percent in its previous forecast published last November.
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Society
Income inequality in Greece has grown during crisis, OECD report shows Income inequality between the richest and poorest in Greece society has increased over the past few years, with the top tenth of society earning 12.3 times more than the poorest in 2012, up from 10.5 in 2007, a report from the Organisation for Economic Cooperation and Development has found.
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EconomyMacroeconomy
Tax wedge for single, married Greeks well above OECD average The tax wedge in Greece remained well above the OECD average in 2014, according to the organisation’s Taxing Wages 2015 report published on Tuesday.
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Society
Greece must tackle foreign bribery by Greek firms, OECD says Efforts in Greece to tackle domestic corruption need to give a much higher priority to fighting foreign bribery, and especially target the export, shipping and SME sector, a report from a leading anti-graft watchdog has said.
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EconomyMacroeconomy
Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average Greece’s total tax revenues as a percentage of GDP remained virtually unchanged at 33.5 percent in 2013 from 33.7 percent in 2012, according to the latest OECD Revenue Statistics report.
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EconomyMacroeconomy
OECD sees more growth, falling unemployment in Greece In its latest Economic Outlook report published on Tuesday, OECD upward revised its GDP forecasts for Greece and is now expecting growth of 0.8 percent for 2014 from recession of 0.3 percent in its previous estimates published on May 6.
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EconomyMacroeconomy
OECD report paints grim picture for Greece's labour market In its 2014 Employment Outlook published today, OECD retains its estimates for Greek unemployment rate unchanged at 27.1 percent in 2014 and 26.7 percent in 2015.
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EconomyMacroeconomy
OECD sees 3.3 bln euros of savings Greece can make by cutting red tape The Organisation for Economic Cooperation and Development (OECD) released a report on May 15 identifying 3.3 billion euros worth of burdensome regulations in 13 sectors weighing on businesses each year.
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EconomyMacroeconomy
OECD sees Greek recession continuing in 2014, slower recovery to follow In its latest Economic Outlook report published on Tuesday, the Organisation for Economic Cooperation and Development (OECD) still expects Greek GDP to contract 0.3 percent in 2014 and rebound 1.9 percent in 2015.