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Travel receipts up by 10.5 pct YoY in Aug on back of 7.5 mln arrivals in
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Hiring balance improves by more than 18,000 jobs up to Aug
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Current account deficit improves significantly, reaching 6.62 bln up to Aug
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Industrial turnover continues to slide with 1 pct YoY drop in Aug
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IMF's latest macro and fiscal estimates reflect economic stability
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Tax collections and contained spending take primary surplus 4.15 bln above target in Sep
Greece's fiscal path becoming clearer; sizeable adjustment lies ahead
After two years of fiscal relaxation across the eurozone thanks to the activation of the escape clause, allowing fiscal rules to be eased so governments could cushion the blow of the pandemic, Greece’s future fiscal path started to take shape over the last few days.
The country’s fiscal commitment was defined at the end of the third programme in 2018 and was incorporated into the Greek debt sustainability analysis (DSA) that was carried out by the European Commission soon afterwards.
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