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Building activity continues to slide in Apr, 4M permits down 26 pct YoY
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Primary surplus at 4.52 bln by Jun thanks to strong taxes, contained spending
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Lending to corporations drives strong credit expansion of 10.2 pct YoY in Jun
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Travel receipts maintain momentum in May with 17.7 pct YoY rise
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Significantly improved oil balance pushes current account to 196.5 mln surplus in May
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Industrial turnover resumes growth after 3 months, rising by 2.6 pct YoY in May
IMF forecasts high primary surpluses, tempers growth expectations
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-large.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
At the annual meetings of the IMF and the World Bank currently being held in Morocco, the Fund presented its latest global economic and fiscal estimates. The Greek economy is seen continuing to outperform eurozone peers on growth and reaching high primary surpluses on a permanent basis.
In the World Economic Outlook (WEO), real GDP growth is seen at 2.5 pct this year, slowing down to 2 pct in 2024, which is an upwards revision from the 1.5 pct for 2024 expected in the previous WEO in April.
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