April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct
Travel balance falls by 53.6 pct in March
Current account shows deficit of 1.10 bln in March as Covid-19 hits trade & travel
Industrial turnover drops by 9.3 pct in March
PBO highlights economic impact of Covid-19, calls for policies to mitigate damage
Central government debt increases by 5.81 bln to 361.83 bln in Q1
PBO warns of recovery risks, fourth bailout and possible default
In its quarterly report published on Friday, the Parliamentary Budget Office (PBO) urged for a swift conclusion of the programme review and implementation of the necessary reforms, which could lead to a sustainable economic recovery.
The PBO notes that if the memorandum of understanding is implemented, Greece will be able to get out of the current deadlock. However, it raises a number of concerns about the process.
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