Building activity down 15.2 pct in Feb for sharpest drop since 2020
VAT and income taxes drive revenue and budget outperformance in April
EC reports highlight tight fiscal path and economic challenges
Travel surplus continues to grow in March, up 55 pct YoY in Q1
Current account deficit widens to 2.4 bln in Mar, oil deficit more than doubles
Industrial turnover posts slowest growth in 2 years, up 1.5 pct in March
OECD lowers 2022 growth forecast to 2.8 pct as challenges mount
The OECD revised down its growth forecasts for Greece for 2022 amidst surging global inflation, heightened uncertainty, and tighter monetary policy conditions.
Greece is now seen growing by 2.8 pct this year and 2.5 pct in 2023, compared to 4.8 pct and 2.9 pct in the previous forecast last December. That said, the estimate for last year was a much more modest 6.7 pct, from the 8.3 pct that eventually materiali...
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