Budget primary surplus at 3.05 bln in 7-month, above target on underspend
Building activity up by 45.7 pct in May, highest since Dec 2005
Eurosystem funding drops by 3.9 bln in July on big decline in ELA
Unemployment at 21.7 pct in May after revised April figure
CPI up by 1 pct in July for seventh straight rise
Car sales increase by 28.3 pct in July
EC lowers growth forecasts, sees fiscal targets within reach
The recovery of the Greek economy is expected to restart this year, largely on the back of improving consumer and investor sentiment, the European Commission (EC) noted in its spring economic forecasts published on Thursday.
Commenting on the primary surplus of 4.2 percent of GDP in 2016, the Commission stressed that the composition of the fiscal consolidation was broadly balanced.
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