ECONOMY

Greek current account deficit shrank 38 percent in May

Greece?s May current account gap shrank 38 percent year-on-year to 1.19 billion euros according to data released by the Bank of Greece on Friday, Reuters reported.

According to the data, tourism receipts fell 13.9 percent year-on-year to 752 million euros in May, while in the first five months of the year, tourism receipts declined at an annual pace of 12 percent to 1.48 billion.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.