Deposits jump by 1.62 bln in June, led by savings
Unemployment drops to 15.9 pct in May, inactive figure also eases to 3.23 mln
Budget primary deficit reaches 9.09 bln for H1, up almost 3 bln on 2020
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
PBO ups growth estimate to 3.6-4.8 pct, warns of complacency and inequality risks
Following the positive developments in the first quarter of the year, when the economy only shrank by 2.3 pct on an annual basis, in its latest quarterly report the Parliamentary Budget Office shifted from its previous baseline scenario of annual growth of 2.7 pct, to the positive range of growth of 3.6 to 4.8 pct in 2021.
The PBO also notes that several other variables are moving in the right direction with unemployment stable, deflation slowing down, and the current account balance improving. Other short-term indicators showed significant improvement in May, as the econ...
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