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Industrial turnover grows by 3.1 pct in Feb, led by mining and domestic market
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Current account records sharp deficit of 3.16 bln in Feb as goods balance deteriorates
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![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-small.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF sees 2024 growth at 2 pct, debt on downward trend due to high primary surpluses
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Government tones down fiscal pledges as tighter framework starts to bite
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Budget outperforms in Mar, delivers 2.95 bln primary surplus thanks to strong tax collection
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Import price drop slows further to 2.8 pct in Feb
Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
The Finance Ministry unveiled on April 30 the Medium-Term Fiscal Strategy (MTFS) for 2015 – 2018, which was also tabled in Parliament. The government aims for the program to be voted through the House by May 5 to coincide with the date of the next Eurogroup, where the Greek Finance Minister Yannis Stournaras is expected to officially raise the issue of more debt relief.
The released MTFS outlines the key fiscal targets for the next years without providing more color on specific policies and interventions or their anticipated outcome. A similar policy was also followed with the 2014 budget, making it difficult to draw c...
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