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  1. Current account deficit widens to 2.4 bln in Mar, oil deficit more than doubles
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current deficit in March widened to 2.4 billion euros, from a deficit of 1.32 billion euros in February, Bank of Greece (BoG) data showed on Monday. In March 2022, the balance showed a deficit of 2.53 billion euros, while in March 2021 the current account posted a deficit of 1.49 billion

    3%

  2. Travel surplus continues to grow in March, up 55 pct YoY in Q1
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 100.2 million euros in March, from 106.8 million euros in February, according to Bank of Greece (BoG) data released on Tuesday. March’s balance was 95.5 percent higher than the 51.2 million euros registered in March 2022. Higher than the 8.3 million

    3%

  3. Private sector deposits almost unchanged in Apr, household savings up by 1.13 bln
    Photo via https://flic.kr/p/2a8kbGu

    EconomyMacroeconomy

    The net private sector deposit movement in the Greek banking system was essentially unchanged in April, falling by just 15 million euros, after a rise of 2.32 billion euros in March, based on the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in April was 3.7 percent

    3%

  4. Credit growth slows to 3.9 pct in Apr, flow negative at 789 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    The pace of credit movement in the Greek private sector slowed in April, moving up by 3.9 percent year-on-year (YoY), after a rise of 5.2 percent in March, Bank of Greece (BoG) figures released on Tuesday showed. Credit expansion slowed down in the months following February 2021, before resuming

    3%

  5. Growth of property prices picks up pace in Q1 with 14.5 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in the nominal value of apartments in Greece remained on a strong trajectory in Q1 2023, increasing by 14.5 percent year-on-year (YoY) from an upwards revised 13.5 percent in Q4 2022, Bank of Greece (BoG) data released on Monday showed. The latest figure surpassed last month’s highest

    3%

  6. Current account deficit narrows to 5.63 bln up to April, down 3 bln YoY
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current deficit in April narrowed to 1.78 billion euros, from 2.4 billion euros in March, Bank of Greece (BoG) data showed on Tuesday. In April 2022, the balance showed a deficit of 1.66 billion euros, while in April 2021 the current account posted a deficit of 2.1 billion euros

    3%

  7. Travel balance up 16 pct YoY in Apr, at 1.49 bln in first four months
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 498.2 million euros in April, from 100.2 million euros in March, according to Bank of Greece (BoG) data released on Wednesday. April’s balance was roughly 16 percent higher than the 429.2 million euros registered in April 2022. The balance in April 2021

    3%

  8. Deposits rise by 794 mln in May, balance at 186.42 bln

    EconomyMacroeconomy

    The net private sector deposit movement in the Greek banking system was positive by 794 million euros in May, after a small drop of 15 million euros in April, based on the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in May was 3.3 percent year on year (YoY), from

    3%

  9. Credit growth slows to 3.1 pct in May, as flow to corporations contracts
    Photo via https://flic.kr/p/5Yb76K

    EconomyMacroeconomy

    The pace of credit movement in the Greek private sector continued to slow in May, rising by 3.1 percent year-on-year (YoY), from 3.9 percent in April, Bank of Greece (BoG) figures released on Wednesday showed. Last December’s growth was the highest since the summer of 2009 with 6.3 percent, however

    3%

  10. Newsletter 388 - 07/07/2023

    Newsletters

    pct in 2024 and 2.7 pct in 2025. BoG notes that Greece will feel the effects of the eurozone, a major

    3%