Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln

EconomyMacroeconomy Tags: BoG, BOP

Greece's current account (C/A) balance showed a deficit for the third successive month in December, when it reached 870 million euros, which was more than 3.5 times higher than last year’s figure, according to the Bank of Greece (BoG).

The improvement in the trade deficit is attributed to a significant drop in the net oil import bill, while net payments for purchases of ships and other goods increased. Overall, exports grew 8.1 percent in December, while imports eased 0.6 percent.

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