As imports rise, Greek C/A balance flips back to deficit in May

EconomyMacroeconomy Tags: BoG, BOP

Greece's May current account (C/A) balance showed a deficit of 246.2 million from a surplus of 69.6 million last year, according to the Bank of Greece (BoG).

The C/A balance deterioration is owed to an increase in the trade and current transfer deficits by 345 and 156 million respectively, which more than offsett a rise in the services surplus by 190 million.

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