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Fiscal data for 2023 indicates that 2.1 pct of GDP goal is within reach -
Travel balance rises in Feb as arrivals jump by 20.7 pct in first two months -
Industrial turnover grows by 3.1 pct in Feb, led by mining and domestic market -
Current account records sharp deficit of 3.16 bln in Feb as goods balance deteriorates -
IMF sees 2024 growth at 2 pct, debt on downward trend due to high primary surpluses -
Government tones down fiscal pledges as tighter framework starts to bite
PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
Greece’s Parliamentary Budget Office (PBO) issued its Q2 2020 report in which it takes stock of the state of the economy and the impact the pandemic, as well as the lockdown measures had on economic activity between April and June.
The PBO notes that the annual drop of 15.2 pct that ELSTAT announced recently for Q2 2020 was deeper than its own estimate from April of -13.7 pct. Combined with the small recession of the first quarter, this signals that the impact on the economy is sh...
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