These reforms are expected to boost the growth potential of the Greek economy in the long-term through higher productivity and employment growth. According to the OECD, the reforms implemented in the period 2010–2014 are expected to raise real GDP over a 10-year-horizon by about 5.6%.
Adding the reforms currently being implemented or planned under the ESM programme, the overall increase in real GDP comes to about 13.4% over a 10-year-period. However, this estimate is a lower bound in the sense that additional reforms, for example improving the judiciary system, strengthening bankruptcy regulations, modernising the public administration and resolving the issue of non-performing exposures (NPEs) cannot easily be quantified.