Greek current account deficit widens to 847 mln in Jan as exports fall further

EconomyMacroeconomy Tags: BoG, BOP
Photo by MacroPolis
Photo by MacroPolis

Greece's current account (C/A) deficit widened to 847 million euros in January 2015, more than 2.5 times higher than the previous year, according to the Bank of Greece (BoG).

Imports fell by a modest 1.2 percent, while exports dropped by 16.9 percent in January resulting in a widening of the goods’ deficit by 15.9 percent to 2.03 billion. BoG noted that this is owed to higher net import bill for oil and other goods excluding...

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