PBO sees medium-term risks mounting, despite positive near-term outlook
Despite boost from travel, current account deficit hits 9.74 bln in Jul, up 43 pct YoY
Energy pushes industrial turnover growth up by 38.9 pct YoY in Jul, as index records rare monthly drop
Tax overperformance continues in Aug, as budget balance beats target by close to 6 bln
Property prices rise by 9.4 pct in Q2, close to all-time high
Q2 unemployment drops to 12.4 pct, reflecting seasonality in job market
Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts
The government submitted to the European Commission on Tuesday the draft 2020 budget after negotiations over the fiscal gap reportedly concluded successfully but, at the same time, the International Monetary Fund issued an indirect warning that Greece’s growth prospects for the coming years will be weaker than expected.
Reports on Wednesday morning suggested that the effort to reduce next year’s fiscal gap, from around 1 billion euros originally, to zero were fruitful. It appears that the government was forced to adjusting the costing of some of the fiscal measures it ...
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