Current State of Greece: Few Graphs from OECD Report

I recommend you to read the latest OECD Economic Surveys on Greece released this March to have an updated overview on the state of the economy in that country.

Among the many Figures and Tables included in the report, I post here a few that are especially interesting in my view.

1)_Budget consolidation

greece_1

Most of the consolidation in Greece’s public budget came from new taxes rather than expenditure cuts.

2) Labour market deregulation

greece_2

Greece made big progress in making the labour market more flexible. The question now is: what to do with that? Does Greece intend to compete with cheap Turkish products?

3) Competition remains low

greece_4

In Greece, net profit margins are much higher than the EU average. That means higher costs for households.

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