Greek current account deficit widens by 32.4 pct in November despite services surplus

EconomyMacroeconomy Tags: BoG, BOP, ELSTAT, Services
Photo by MacroPolis
Photo by MacroPolis

Greece's current account (C/A) balance remained in negative territory for the second straight month in November, when the deficit widened by 32.4 percent to 997 million euros from 753 million last year, according to the Bank of Greece (BoG).

The higher C/A deficit is mainly attributed to a negative movement of 298 million euros in the current transfers’ balance owed to a decline in general government net receipts from the EU. In contrast, the services’ surplus rose by 128 million, while the...

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