Macroeconomy
Greek 2017 primary surplus confirmed at 4 pct, well above target
Greece’s statistics agency, ELSTAT, announced on Monday the fiscal data for the period between 2014 and 2017 in the context of the first Excessive Deficit Procedure (EDP) notification of 2018.
Travel balance slumps to deficit of 6.9 mln in Feb as payments outpace receipts
Greece’s travel balance fell by 135.2 percent year-on-year in February compared to a rise of 3.4 percent in January, Bank of Greece (BoG) data revealed on Monday.
February current account deficit at 1.29 bln as underlying balances worsen
Greece’s current account (C/A) balance recorded a deficit of 1.29 billion in February, deepening from January’s deficit of 585.6 million, Bank of Greece (BoG) figures showed on Friday.
Eurosystem funding drops by 1.45 bln in March as ELA reduction offsets ECB rise
Greek banks’ Eurosystem funding fell by around 1.45 billion euros in March, the Bank of Greece's (BoG) monthly financial statement revealed on Friday.
Industrial turnover grows by 3.1 pct in February
Greece’s industrial turnover increased by 3.1 percent in February, slowing down from January’s upward revised growth of 12.9 percent according to Hellenic Statistical Authority (ELSTAT) data published on Thursday.
IMF raises forecast for primary surplus but differences with European lenders remain
Following the publication of its macro estimates in the World Economic Outlook (WEO), the International Monetary Fund issued on Wednesday its latest fiscal estimates in the Fiscal Monitor, where the numbers for Greece for 2017 and 2018 were updated.
Primary cash surplus at 7.72 bln in March on strong underspend
Greece’s central government primary cash surplus recorded a surplus of 7.72 billion euros in the first three months of the year, Bank of Greece (BoG) figures showed on Wednesday.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF revises growth forecasts downwards, emphasising gap with other lenders
The International Monetary Fund (IMF) issued on Tuesday its latest World Economic Outlook (WEO), updating its forecasts for the Greek economy over the coming years.
Tourist numbers increase by 9.7 pct in 2017, cruise visitors decline
The balance of travel services came to a surplus of 12.73 billion euros for the full year in 2017, according to figures released by the Bank of Greece (BoG).
New overdue taxes jump by 2.01 bln in Feb, total stock climbs to 101.12 bln
Greece’s new tax debt jumped by over 2 billion euros in February, growing sharply from an increase of 766 million euros in January, data from the Independent Authority of Public Revenues (IAPR) revealed on Tuesday.