Pension outlay still falling, 40.4 pct of main monthly payments below 500 euros
Travel balance rises by 73.5 pct in Nov, 9.7 pct in aggregate period
December hirings balance positive by 5,970 with annual balance for 2018 up by 141,003 places
November current account deficit at 1.41 bln as import value outstrips exports
Industrial turnover rises by 7 pct in November
Primary cash surplus at 16.19 bln in 2018, 3.18 bln spent on reducing arrears
These were the key drivers behind Greece's strong fiscal performance in 2016
The publication of the general government’s non-financial sector accounts on Monday has provided more insight regarding the key drivers of the fiscal performance in 2016, which was confirmed in a first notification issued by the Hellenic Statistical Authority (ELSTAT) on Friday.
As we noted, ELSTAT figures showed Greece recorded a primary surplus of 6.87 billion euros (3.9 percent of GDP) in 2016 under ESA 2010 rules, 6.13 billion above the figure of 737 million (0.4 percent of GDP) posted a year ago.
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