Greek household disposable income fell by 11.8 percent year-on-year (YoY) in the second quarter (Q2) of 2020, worsening from the decline of 0.4 percent noted in Q1 2020, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Greece’s travel balance came to 1.32 billion euros in August from 3.87 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 65.9 percent year-on-year (YoY).
Greece completed on Wednesday its fifth market foray for the year by re-opening the 15-year bond that it had issued at the end of January.
Greece’s current account (C/A) balance posted a surplus of 79.7 million euros in August compared to a deficit of 874.5 million euros in July, Bank of Greece (BoG) data showed on Wednesday.
With Greece’s coronavirus numbers still climbing, Greece’s banking system is continuing with its bad loan reduction plans and an eventual return to normal operations.
Greece’s industrial turnover fell by 15.1 percent year-on-year (YoY) in August compared to a sharper drop of 16.2 percent in July, Hellenic Statistical Authority (ELSTAT) data published on Tuesday showed.
As part of the second estimate for the national accounts and the regular cycle of base year revision that takes place every five years, the Hellenic Statistical Authority revised 2019 GDP data and the annual series base year to 2015, from 2010.
Greece’s central government primary cash balance recorded a deficit of 7.12 billion euros in the first nine months of the year according to figures released by the Bank of Greece (BoG).
The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for September showed on Thursday.
The International Monetary Fund has issued its updated macroeconomic forecasts for Greece within the framework of the World Economic Outlook and the Fiscal Monitor released within as part of the IMF’s Annual Meetings.