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IMF's latest macro and fiscal estimates reflect economic stability
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Tax collections and contained spending take primary surplus 4.15 bln above target in Sep
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Accelerated drop in energy drives import prices down by 2.4 pct YoY in Aug
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Government budgeting on a late RRF sprint
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New vehicles drive car sales up by 20.7 pct YoY in Sep
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Electricity pushes industrial production down by 2.9 pct YoY in Aug
Greece's current account in surplus for the fourth consecutive month
The August current account (C/A) balance showed a surplus for the fourth consecutive month at 1.22 billion euros from 1.63 billion last year, according to Bank of Greece (BoG). The recorded drop year on year (yoy) mainly reflects an increase in the income and current transfers’ deficits by 295 million and 249 million respectively more than offsetting a rise in the services’ surplus by 259 million.
It is reminded that July C/A balance stood on positive grounds recording a surplus of 2.7 billion, also boosted by an inflow of 1.5 billion related to SMP income accruing to the ECB and payable to Greece following a Eurogroup decision in November 2012. ...
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