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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
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Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
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Energy drives drop of 4.2 pct YoY in import prices drop for June
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Car sales rise by 6 pct YoY in Jun, up 3.1 pct in first half of year
IMF's Article IV consultation notes progress, reiterates low long-term growth outlook
![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/]")
The IMF published on Friday the staff statement following the conclusion of the mission in the context of Article IV consultations, noting the progress that Greece has achieved in recent years on the fiscal and debt fronts, while highlighting the need to recalibrate the fiscal policy mix and continue the reform path that will unlock further growth potential.
The Fund notes that the outlook remains positive, with strong real GDP growth, improving public finances, and a declining debt-to-GDP ratio, adding that continued fiscal consolidation and reduced tax evasion have strengthened economic stability.
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