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Taxes continues to drive budget outperformance in September
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Energy drives 13.8% YoY jump in August import prices
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Car sales bounce back with 1.2% YoY rise in September
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Draft budget for 2027 centred on strong surplus, selective support measures
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Industrial production jumps 5.8% YoY in Aug, led by electricity supply
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CPI accelerates to 5% YoY in Sep as energy dominates
IMF expects difficult year for public finances, PBO highlights impact on labour force
The IMF released on Wednesday its Fiscal Monitor report, which compounded the grim picture for Greece on the budget front, after the forecast for a 10 pct in the World Economic Outlook that was published on Tuesday.
The Fund sees Greece running a fiscal deficit of 9 pct of GDP this year, followed by a deficit of 7.9 pct of GDP in 2021. After five years of successive primary surpluses, the balance will turn negative this year and next: -5.1 pct of GDP in 2020 and -4...
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