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EconomyMacroeconomy
Travel balance of 4.19 bln in H1 beats 2019 as tourism sector leaves pandemic behind Greece’s travel balance recorded a surplus of 2.42 billion euros in June, from 1.19 billion euros in May, according to Bank of Greece (BoG) data released on Monday.
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EconomyMacroeconomy
Deposits rise to highest level since end-2011 as corporates grow by 10 pct in June The net private sector deposit movement in the Greek banking system in June jumped by 2.72 billion euros, from 1.31 billion euros in May, and 1.35 billion euros in April, based on Bank of Greece (BoG) figures released on Wednesday.
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EconomyMacroeconomy
Led by lending to corporations, June credit growth of 4.5 pct is highest in a decade Credit movement in the Greek private sector picked up pace in June, rising by 4.5 percent year-on-year (YoY), from 3.3 percent in May, and 2.8 percent in April, Bank of Greece (BoG) figures released on Wednesday showed.
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EconomyMacroeconomy
Jan-May travel balance of 1.78 bln beats same period in 2019 Greece’s travel balance recorded a surplus of 1.19 billion euros in May, accelerating from the 432.1 million euros in April, according to Bank of Greece (BoG) data released on Friday.
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EconomyMacroeconomy
Despite improvement in services, goods tip current account to deep deficit of 2 bln in May Greece posted a current account (C/A) deficit of 2 billion euros in May, from 1.62 billion euros in April, Bank of Greece (BoG) data showed on Thursday.
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EconomyMacroeconomy
BoG revises growth forecast down to 3.2 pct amid growing uncertainty The uncertain times across the global economy were captured in the latest monetary policy report by the Bank of Greece, which revised down its Greek growth forecast to 3.2 pct for 2022, from the 3.8 pct expected in April.
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EconomyMacroeconomy
Deposit rise of 1.3 bln in May led by corporates as household savings drop The net private sector deposit movement in the Greek banking system in May stayed positive at 1.31 billion euros, from 1.35 billion euros in April, and negative movement of 989 million seen in March, based on Bank of Greece (BoG) figures released on Wednesday.
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EconomyMacroeconomy
Credit growth accelerates to 3.2 pct in May, led by loans to businesses Credit movement in the Greek private sector was steady at 3.2 percent year-on-year (YoY) in May, from 2.8 percent in April, and 1.6 percent in March, Bank of Greece (BoG) figures released on Wednesday showed.
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EconomyMacroeconomy
As restrictions drop away, Apr travel balance beats even pre-Covid levels Greece’s travel balance recorded a surplus of 432.1 million euros in April, from 77 million euros in March, according to Bank of Greece (BoG) data released on Tuesday.
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EconomyMacroeconomy May cash deficit improves markedly YoY as revenues rise by 3.5 bln Greece’s central government recorded a primary cash deficit of 842 million euros in May, from a deficit of 2.09 billion euros in the same month of 2021, according to figures released by the Bank of Greece on Friday.