Travel receipts rise by 11.3 pct in April on back of higher arrivals
Current account deficit eases by 410.6 mln in April
Industrial turnover up for sixth straight month with 10.7 pct rise in April
Primary cash balance posts deficit of 316 mln in first 5 months
Turnover in services sector improves slightly in Q1 2017
Unemployment rate edges down to 23.3 pct in Q1
IMF downgrades Greek GDP and unemployment forecasts
The publication of the International Monetary Fund’s World Economic Outlook (WEO) on Tuesday revealed worse estimates for the Greek economy compared to the upbeat set of forecasts included in its previous forecasts, which were released early last October.
The Fund now expects the domestic economy to grow at a slower pace of 2.2 percent in 2017 compared to its initial forecast of 2.8 percent, which stood at high-end of the estimates made last year.
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