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Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
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Record travel receipts and narrower trade deficit reflected in current account up to May
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Energy and domestic market drive industrial turnover growth of 14.1% YoY in May
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Primary surplus up to June at 4.48 bln as taxes continue to outperform, spending contained
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Energy continues to drive import prices as May sees 13.3% YoY rise
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New passenger cars push June sales to highest since 2010
IMF leaves growth and fiscal estimates for Greece unchanged in latest outlook
The IMF released this week the latest macro and fiscal outlook in the context of the spring meetings. Its observations on Greece were in line with those in the recent Article IV consultations.
Real GDP estimates were virtually unchanged with growth seen at 2 pct, from 2.1 pct expected previously. Growth is also seen slowing to 1.8 pct next year and even further to 1.4 pct by 2030, which is the long-standing view of the IMF on the long-term gr...
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