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Industrial turnover grows by 3.1 pct in Feb, led by mining and domestic market -
Current account records sharp deficit of 3.16 bln in Feb as goods balance deteriorates -
IMF sees 2024 growth at 2 pct, debt on downward trend due to high primary surpluses -
Government tones down fiscal pledges as tighter framework starts to bite -
Budget outperforms in Mar, delivers 2.95 bln primary surplus thanks to strong tax collection -
Import price drop slows further to 2.8 pct in Feb
General govt primary cash surplus expands to 3.3 bln at end-June, arrears rise to 7.2 bln
Greece’s general government (gg) primary cash surplus expanded considerably to 3.33 billion euros in the first half of 2016 from just 245 million in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Thursday.
In absolute terms, the state budget and the extrabudgetary funds’ primary cash surpluses amounted to 2.22 and 1.31 billion respectively, both remaining steadily the key positive contributors to the overall positive gg balance. Local governments’ balance...
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