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Greece braces for major inflation shock as Middle East standoff continues
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April primary surplus beats target thanks to improved taxes and contained spending
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Energy pushes import prices up by 11.4 pct YoY in Mar, highest since Dec 2022
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Car sales drop 4.6 pct YoY in Apr, up 3.3 pct in 4M
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Iran war begins to bite as costs rise and confidence falls
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Electricity supply pushes industrial production up 8.3 pct YoY in March
Bank of Greece sees 0.5pct growth in 2014 but warns of political risks
Greece is expected to post a general government primary surplus as well as a current account surplus of 1% of GDP for the first time in 2013, according to the Bank of Greece’s (BoG) interim report on Monetary Policy published on Tuesday.
GDP is seen contracting at around 4 percent in 2013, while the latest macroeconomic data indicate the economy will rebound next year with a growth rate of 0.5 percent.
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