EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed
Trade deficit falls by 47.7 pct in May
Employment balance positive by 37,568 in June, reflecting uptick in seasonal hires
Overdue social security contributions rise to 36.32 bln in Q1
General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
Overall loan interest rate drops to 4.23 pct in May
General govt primary cash surplus falls to 1.2 bln in Q1, arrears edge down to 5.05 bln
Greece’s general government (gg) primary cash surplus dropped by 1.17 billion euros to 2.04 billion in the first quarter (Q1) of 2017 from 3.22 billion a year ago, the Finance Ministry (MoF) gg bulletin revealed on Friday.
Only social security funds (SSFs) posted a marked improvement. Their primary cash balance turning from a deficit of 72 million euros last year to a surplus of 1.01 billion this year. In addition, local governments also showed a modest rise of 36 million...
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