Cur­rent ac­count deficit in 2016 from sur­plus in 2015

Kathimerini English - - Focus -

Greece’s cur­rent ac­count deficit grew in De­cem­ber 2016 com­pared to the same month a year ear­lier, the Bank of Greece said yes­ter­day, as the sur­plus of the coun­try’s pri­mary in­come bal­ance shrank. The data showed the deficit reached 0.93 billion eu­ros from 0.78 billion eu­ros in De­cem­ber 2015. Tourism rev­enues rose slightly to 193 mil­lion eu­ros from 184 billion in the same month a year ear­lier. “Total ex­ports of goods and ser­vices grew faster, by 10 per­cent, than the cor­re­spond­ing im­ports which rose 2.9 per­cent, and the over­all bal­ance of goods and ser­vices im­proved. By con­trast, pri­mary and sec­ondary in­come ac­counts de­te­ri­o­rated,” the Bank of Greece said. In 2016 as a whole, Greece posted a cur­rent ac­count deficit of 1.1 billion eu­ros ver­sus a sur­plus of 206 mil­lion in 2015 as a re­sult of a lower ser­vices bal­ance sur­plus which was

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