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Building activity slows in April with 4.2% YoY rise
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Business loans drive 7.7% YoY credit growth in June
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Corporate inflows in June push deposits to highest point since April 2010
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VAT and underspend drive budget outperformance in first six months
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Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
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Record travel receipts and narrower trade deficit reflected in current account up to May
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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