Current account deficit widens to 933 mln in December, 2016 balance turns to deficit of 1.1 bln

EconomyMacroeconomy Tags: BoG, BOP
Photo by Angelos Christofilopoulos/Fosphotos
Photo by Angelos Christofilopoulos/Fosphotos

Greece’s current account (C/A) deficit widened to 933.4 million in December from 783.8 million a year ago, Bank of Greece (BoG) figures revealed on Monday.

The deterioration is largely attributed to a worsening of the primary and secondary income balances by 214 and 136 million respectively coupled with a slightly higher goods’ deficit by 35 million that more than offset an improvement in the services surp...

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