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Greece - Credit Rating

Standard & Poor's credit rating for Greece stands at BB- with stable outlook. Moody's credit rating for Greece was last set at B1 with stable outlook. Fitch's credit rating for Greece was last reported at BB with stable outlook. DBRS's credit rating for Greece is BB (low) with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Greece thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Greece as reported by major credit rating agencies.




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Greece Coronavirus Cases

Greece recorded 2691 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Greece reported 150 Coronavirus Deaths. This page includes a chart with historical data for Greece Coronavirus Cases.




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Greece Coronavirus Deaths

Greece recorded 150 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Greece reported 2691 Coronavirus Cases. This page includes a chart with historical data for Greece Coronavirus Deaths.




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Greece Coronavirus Recovered

Greece recorded 1374 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Greece reported 150 Coronavirus Deaths. This page includes a chart with historical data for Greece Coronavirus Recovered.




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Reform urgently needed to ensure long-term growth in Czech Republic, says OECD

The Czech economy’s export-driven recovery is slowing as weak activity Europe curbs exports. Swift implementation of new reforms is needed to ensure sustainable, inclusive long-term growth and better resilience to external shocks, according to the latest Economic Survey of the Czech Republic.




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Germany is leading the charts on employment and green growth - Transition to a knowledge based economy will require further reform and investment, OECD says

Germany recovered rapidly from the 2008-09 recession, with GDP topping pre-crisis rates during 2011 and unemployment falling significantly. Public finances are sound, but further reforms are needed to transform its growth model to thrive as a knowledge-based economy.




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Economic Policy Reforms: Going for Growth 2012 - Greece Country Note

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.




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Economy: Bigger euro bailout fund needed to create space to boost growth, OECD says

Euro area finance ministers meeting this week need to boost the firepower of the European stability funds to at least one trillion euros in order to restore market confidence, OECD Secretary-General Angel Gurría said today.




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Economy: Further reform needed to raise growth prospects in Poland

Poland has been a strong performer across the OECD through the global economic crisis, growing much faster than most other countries and making impressive steps toward reducing the income gap with its European Union partners, according to the OECD’s latest economic survey.




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Further reforms needed to sustain Korean growth and social cohesion

Korea recovered faster and more vigorously from the global crisis than most OECD countries, but strong economic growth alone will not be enough to address the fundamental challenges posed by its rapidly ageing population and rising inequality, according to the latest Economic Survey of Korea.




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Achieving the “low carbon, green growth” vision in Korea

Korea, which has had the highest growth rate of greenhouse gas emissions in the OECD area since 1990, adopted an ambitious Green Growth Strategy in 2009.




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Economy: Canada needs to boost innovation and human capital to sustain living standards

Canada has weathered the global economic crisis comparatively well but will have to become more productive to sustain its high standard of living, according to OECD’s latest Economic Survey of Canada.




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Economy: Canada needs to boost innovation and human capital to sustain living standards

Canada has weathered the global economic crisis comparatively well but will have to become more productive to sustain its high standard of living, according to OECD’s latest Economic Survey of Canada.




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Economy: The United States needs to foster education and innovation to keep its cutting edge

The United States should do more to foster innovation and provide more equitable access to high-quality education in order to maintain its status as the world's most vibrant and productive economy, according to OECD's latest Economic Survey of the United States.




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Towards green growth in Denmark: improving energy and climate change policies

Denmark’s green growth strategy focuses on moving the energy system away from fossil fuels and investing in green technologies, while limiting greenhouse gas (GHG) emissions.




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Measuring well-being needs to be at the heart of policy-making, says OECD World Forum

A major step forward towards putting the measurement of well-being at the heart of policy-making was taken at a four-day international conference which ended in New Delhi today.




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First meeting of the New Approaches to Economic Challenges (NAEC) Group

Secretary-General Angel Gurría opens the first meeting of the New Approaches to Economic Challenges (NAEC) Group, an organisation-wide reflection process on the roots and lessons from the crisis with the aim of catalysing a process of continuous improvement of our analytical frameworks and policy advice. This meeting serves as a first step to get expert feedback and inputs to identify priorities for the way forward.




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New SME policies needed to boost Latin America's growth, say OECD and ECLAC

Latin American governments must act now to strengthen growth and development and counter these risks, according to the 2013 Latin American Economic Outlook, jointly produced by the OECD Development Centre and ECLAC.




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Slovak Republic remains strong, but it needs to become more inclusive, OECD says

The Slovak Republic recovered strongly from the global economic crisis and is weathering well the storm that has struck its main European trading partners. The challenges going forward will be restoring public finances while driving down unemployment and fostering long-term inclusive growth, says the latest Economic Survey.




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Colombia's economic outlook is strong, but deep challenges remain, OECD says

The Colombian economy is strong and the outlook is promising, but the country must do more to ensure that the ongoing commodities boom contributes to sustainable and inclusive growth over the long-term, according to the OECD’s latest Economic Assessment of Colombia.




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Moving towards a single labour contract: pros, cons and mixed feelings

This paper discusses the pros and cons of a single labour contract. After reviewing the current state of dualism in labour markets and the recent labour reforms in Europe, we discuss the various proposals to eliminate dualism.




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Speeding up reforms will foster more inclusive and greener growth in China

China has made tremendous progress toward achieving inclusive growth, but major reforms are needed to ensure a fourth decade of rapidly converging living standards and a greener economy, according to the OECD’s latest Economic Survey of China.




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Stepping up the pace of reform and fostering greener and more inclusive growth in China

China’s new leadership has signalled that it is time to step up the pace of reform, building on the remarkable economic and social achievements to date while recognising the pressing need for deep structural changes. Indeed, far-reaching reforms are necessary for continuing to raise living standards and well-being, even as China is poised to become the world’s largest economy by around 2016.




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Green Growth Knowledge Platform 2013 annual conference

The GGKP’s second annual conference will be held at the OECD Headquarters in Paris on 4-5 April 2013. The discussion will be framed around two headline themes: Greening global value chains and Measurement and reporting for green growth.




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Written Statement to the International Monetary and Financial Committee - April 2013

The OECD provides an update on global economy in this statement to the International Monetary and Financial Committee - April 2013.




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Speech delivered to the OECD Council by the Prime Minister of Portugal, HE. Pedro Passos Coelho

Today the OECD is publishing a report on Portugal's challenges as far as structural reform is concerned. The OECD is an outstanding reference for policy-makers all around the world and I wanted my country to benefit from your skills, experience, and insights, especially on the question of structural reform, said the Portuguese Prime Minister.




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New approach to globalisation and global value chains needed to boost growth and jobs, says OECD

Technological advances, less costly shipping and trade liberalisation have transformed the way in which companies make products and distribute them worldwide. Governments that become more open to trade and investment, and encourage innovation will help firms better integrate the global value chains that are driving growth in increasingly interconnected economies, according to new OECD research.




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Greening growth in Luxembourg

With strong economic growth overall and an increasingly important role as a regional economic centre, Luxembourg is experiencing mounting environmental pressures. This is mainly a result of a growing population and a rapid increase in transport, which is dominated by the car, as the number of workers commuting within Luxembourg and from across the border has risen rapidly.




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Restructuring the electricity sector and promoting green growth in Japan

The 2011 disaster and nuclear problems opened the door to a new energy policy, as they raised fundamental questions about the electricity system’s ability to prevent and respond to accidents.




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Irish recovery underway, but more inclusive growth and job creation needed, says OECD

Ireland’s economy is now showing encouraging signs of recovery from the financial crisis, but more must be done to reinvigorate growth and create the jobs that will get the country back to full health, according to the OECD.




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Green growth challenges and the need for an energy reform in Mexico

As Mexico seeks to boost economic growth, pressures on its natural resources and environmental outcomes may intensify, jeopardizing the sustainability of that growth and the well-being of the population.




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Capacity needs in the automobile industry in the short- to medium run

This paper aims at identifying which countries and regions in the world might face structural overcapacities or capacity shortfalls in the automobile industry in the near future.




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Keeping the momentum of the structural reform agenda in Europe

In Europe, the two most pressing structural policy priorities that must be addressed are the challenge of unemployment and the restoration the health of euro area banks, said OECD Secretary-General in Brussels.




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Greece: Structural reforms under way but more progress needed in boosting market dynamism

Greece has made impressive headway in consolidating its public finances and undertaking key structural reforms to boost productivity and enhance competitiveness.




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Israel’s economy growing strongly but further efforts needed to improve living standards, says OECD

Israel’s economy is in good shape, but further efforts are needed to fight poverty and close the gap in living standards with other leading nations, according to the OECD’s latest Economic Survey of Israel.




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Russian economy growing but further reforms needed, says OECD

The Russian Federation’s economy is growing, but further reforms are needed to bolster future growth, improve the business climate and strengthen innovation, according to the OECD.




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Fairly sharing the social impact of the crisis in Greece

Poverty and income inequality have worsened since the onset of the crisis. While the design of fiscal measures has mitigated the burden sharing of fiscal adjustment, as the recession has deepened unemployment has risen, earnings have declined and social tensions have increased.




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The automotive sector: Steering beyond the crisis

The car industry has taken a dent since the recession started to bite in 2008, but even before then, new patterns were emerging that would reshape the sector for a long time to come.




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Germany - Keeping the edge: Competitiveness for inclusive growth

Despite the harsh external economic environment, Germany has managed to reduce unemployment significantly while buttressing the long-term sustainability of its public finances. Drawing on the expertise and experience of OECD member countries, this report sets out key policy priorities to boost productivity growth and social inclusion.




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Europe’s reforms beginning to pay off but continued effort needed, says OECD

Action taken by many European countries to return their public finances to health are beginning to pay off, says the OECD. The Euro area economies which emerged from the crisis with serious current account deficits are now in surplus. Debt-to-GDP ratios are stabilising and market tensions have abated.




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African countries need to tap global markets more effectively to strengthen their economies, says new African Economic Outlook

By participating more effectively in the global production of goods and services, Africa can transform its economy and achieve a development breakthrough, according to the latest African Economic Outlook, released at the African Development Bank Group’s Annual Meetings.




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Portugal: Deepening structural reform to support growth and competitiveness

Having been hit hard by the global crisis, the Portuguese government has taken action to put its economy back on track, and to correct external and budgetary imbalances. This document highlights some key priorities to support economic growth and competitiveness through further productivity-enhancing structural reforms.




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Comprehensive action needed to shift the global economy into higher gear, says OECD in latest Economic Outlook

The global economy remains stuck in low gear, but is expected to accelerate gradually if countries implement growth-supportive policies. Widening differences across countries and regions are adding to the major risks on the horizon, according to the advanced G20 release of the OECD’s latest Economic Outlook.




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Emerging Asia to see healthy medium-term growth but institutional reforms will be critical for future, says the OECD Development Centre

While the outlook for many OECD countries remains subdued, Emerging Asia is set for healthy growth over the medium term. Annual GDP growth for the ASEAN -10, China and India is forecast to average 6.5% over 2015-19. Growth momentum remains robust in the 10 ASEAN countries, with economic growth averaging 5.6% over 2015-19.




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Stronger policy response needed to avoid risks to growth, especially in the euro area, says OECD in latest Economic Outlook

Modest global economic forecasts, continuing high unemployment, and downshifts in potential output,should spur governments with a greater sense of urgency to fully employ monetary, fiscal and structural policy levers to support growth, notably in Europe, according to the OECD’s latest Economic Outlook.




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OECD’s Gurría commends Greece’s reforms at meeting with Minister Skrekas

Meeting Greece’s Minister of Development and Competitiveness Mr. Kostas Skrekas today, OECD Secretary General Angel Gurría said the Greek government’s reform programme was already showing positive results.




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Policy Brief: Green growth - Environmental policies and productivity can work together

As environmental pressures continue to rise, governments throughout the OECD area have not been sitting back. If anything, the stringency of their policy measures has been increasing on the whole, not least to combat pollution and climate change. And as the evidence shows, stringent environmental policies can be introduced without hurting overall productivity.




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Colombia needs a comprehensive tax reform to boost investment and diversify the economy, OECD says

The Colombian economy has done remarkably well over the last decade, consistently ranking among the fastest-growing countries in Latin America, but a comprehensive tax reform that promotes investment and diversifies the economy is now needed to put the country on a path toward stronger, sustainable and inclusive growth, according to the latest OECD Economic Survey of Colombia.




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OECD bolsters relationship with Kazakhstan – Signs Kazakhstan Country Programme Agreement

The OECD and the Government of Kazakhstan are signing today in Davos a Memorandum of Understanding on a two-year Country Programme, which will support an ambitious set of reforms of Kazakhstan’s policies and institutions.




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Reforms needed to boost productivity and accelerate convergence in Estonia, OECD says

The underlying strengths of the Estonian economy have helped it bounce back from the crisis, but some challenges remain to finding a steeper, more inclusive and more sustainable growth path, according to the latest OECD Economic Survey of Estonia.