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Primary balance up to July confirmed at 7.94 bln due to underspend, tax revenues
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Travel receipts rise by 8.8 pct YoY in June, arrivals drop marginally
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Central government debt rises to 403.2 bln in Q2, cash reserves near 42 bln
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Industrial turnover stable in June after marginal 0.1 pct YoY rise
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Oil balance and drop in exports pushes current account to 1.19 bln deficit in June
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Significantly contained spending pushes July primary surplus 4.36 bln above target
IMF approves Article IV consultation, growth seen resilient
The International Monetary Fund (IMF) board approved on Wednesday the Article IV consultation for Greece by endorsing the staff appraisal published mid-November following a mission.
The Fund’s board notes the robust economic recovery post-pandemic, with 2.3 pct growth in 2023 and 2.1 pct expected by the IMF this year.
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