Better income account helps squeeze Greek C/A deficit in January

EconomyMacroeconomy Tags: BoG, BOP

Greece's January current account (C/A) deficit narrowed moderately to 295 million euros from 314 million last year, according to the Bank of Greece (BoG).

The 6.1 percent year on year (YoY) drop primarily reflects an improvement in the income account by 149 million more than offsetting a widening of the trade deficit by 105 million. The latter is attributable to the higher net oil import bill.

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