Travel balance increases more than eightfold in May from last year’s lockdown
Current account shows deficit of 1.4 bln in May as imports rise
Industrial turnover jumps by 37 pct in May on base effects
Primary cash balance deficit at 9.27 bln in June
Budget primary shows deficit of 9.09 bln in June, beating target
New tax debt at 2.9 bln in May, rising by 340 mln month-on-month
IMF expects modest recovery, lingering debt but primary surplus to return swiftly
Within the context of its Spring meetings, the IMF updated its macroeconomic and fiscal estimates for Greece in the World Economic Outlook and the Fiscal Monitor publications.
The Fund sees the Greek economy recovering by 3.8 pct this year, followed by growth of 5 pct in 2022 and a modest 1.4 pct in 2026. Growth in the last quarter of this year is seen picking up by 6.9 pct, and slowing down to 3.6 pct in the last quarter of ...
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