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July travel surplus of 2.14 bln affirms comeback for tourism sector
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Rise in wages index slows to 2.5 pct in Q2 but hits six successive quarters of growth
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Current account turns surplus in July as travel steps up
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RRF injection pushes primary balance above target, but regular tax revenues short by 504 mln
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Spurred by rising employment, Q2 unemployment drops to 10-year low of 15.8 pct
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Unemployment rate down to 14.2 pct in July, lowest since Nov 2010
Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible
The Greek Fiscal Council published on Tuesday its first semi-annually report on fiscal and macroeconomic developments, presenting its views on the 2017 draft budget and whether targets will be met this year and next.
A more detailed macro and fiscal outlook will be available after the completion of the second programme review and the tabling of the Medium-Term Fiscal Strategy (MTFS), the report notes.
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