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Significantly contained spending pushes July primary surplus 4.36 bln above target
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Energy continues to drive import price drop as June records 4.7 pct YoY fall
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Car market still buoyant as sales rise by 2.8 pct YoY in July
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Mining drives growth of 0.5 pct YoY in industrial production for June
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CPI accelerates to 3.1 pct YoY in July, rents up 11.3 pct
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Trade deficit rises sharply in June as exports continue to fall
PBO affirms strong macro and fiscal trajectory, growth seen at 2.2 pct
The Parliamentary Budget Office (PBO) published its quarterly report on Tuesday, where the stable economic outlook and the solid fiscal performance were reaffirmed, though the PBO does see challenges mostly due to geopolitical instability and trade-related tensions.
Despite these challenges, Greece continues its upward economic trajectory, marked by solid fiscal performance and increased investor confidence. This has prompted S&P to upgrade Greece’s sovereign credit rating to ‘BBB’ with a stable outlook.
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