BUSINESS

Current account deficit widens in October

TAGS: Economy

Greece’s current account deficit widened in October compared to the same month a year ago, according to balance of payments figures released by the Bank of Greece on Thursday.

Central bank data showed the deficit at 624 million euros from a deficit of 268 million in October 2016.

Tourism revenues rose to 1.167 billion euros from 1.023 billion in the same month a year earlier.

In 2016 as a whole, Greece had 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.

[Reuters]

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