Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports

EconomyMacroeconomy Tags: BoG, BOP

Greece's current account (C/A) balance had a surplus of 4.25 billion euros in July, which is 3.3 times higher compared to the 1.27 billion posted last year, according to Bank of Greece (BoG) data published on Monday.

In contrast, travel receipts rose by 3.5 percent to 2.87 billion. This is attributed to an increase in non-residents’ arrivals by 4.4 percent, albeit at a slower pace compared to the 12.4 percent rise posted in June, largely reflecting the negative sent...

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