C/A balance positive by 1.4 bln to Nov, 2013 surplus in sight

EconomyMacroeconomy Tags: BoG, BOP

Greece's November current account (C/A) balance showed the deficit marginally shrinking to 744 million euros from 753 million last year, according to the Bank of Greece (BoG).

The 1.1 percent year on year (yoy) drop mainly reflects an improvement in the current transfers balance by 298 million and an increase in the services surplus by 25 million, which counterbalanced deterioration in the income balance by 323 million.

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