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Government tones down fiscal pledges as tighter framework starts to bite
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Budget outperforms in Mar, delivers 2.95 bln primary surplus thanks to strong tax collection
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Import price drop slows further to 2.8 pct in Feb
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Car sales contract in March, up 4 pct YoY in Q1
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Industrial Production growth slows to 1.6 pct YoY in Feb as electricity supply drops
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CPI accelerates again in March, rising by 3.2 pct YoY and 1.5 pct MoM
Primary surplus up to 3.9 pct of GDP in 2016, far above target
Greece’s general government primary surplus climbed to 3.9 percent of GDP in 2016, according Hellenic Statistical Authority (ELSTAT) first notification published on Friday.
The headline figure confirms recent comments made by the government and top eurozone officials indicating that the fiscal outcome in 2016 was well in excess of 3 percent of GDP. In addition, it stands way above the programme target of 0.5 percent of GDP.
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