Productivity remains Greek economy’s big problem, OECD report notes

Low productivity remains an obstacle to the further convergence of the Greek system with the astir developed economies of the Organization for Economic Cooperation and Development (OECD), while the ample concern gap, debased innovation and the slow adoption of precocious technologies by businesses proceed to bounds the dynamics of growth, according to an OECD study connected the foundations of maturation and competitiveness published Thursday.

The study emphasizes the resilience of the Greek system amid caller crises but besides highlights the challenges that slow down its progress.

To summation incomes, guarantee competitiveness and screen Greece’s sizable spending needs, a boost successful productivity and continued efforts to amended labour marketplace conditions are required, it said.