Current account in surplus for 2nd straight month in June but down 20 pct on 2014

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

Greece's current account (C/A) balance displayed a surplus for the second successive month in June but it narrowed by 20 percent year on year (YoY), reaching 1 billion euros from 1.25 billion in 2014, according to the Bank of Greece (BoG).

The YoY deterioration mainly reflects a widening of the primary income deficit by 100 million and a narrowing of the secondary income surplus by 89 million. In addition, the services surplus eased by 39 million, whilst the goods’ deficit widened by 23 m...

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