ECONOMY

Eurobank report sees balanced current accounts by 2015

A Eurobank report forecast on Monday that the Greek economy will reach a balance of trade between exports and imports in 2015, from a 15 percent deficit (or 34.8 billion euros) in 2008.

This year the deficit is projected to drop to 5 percent thanks to the decline in imports and the increase in exports.

The current account balance is used as a key index for economies’ competitiveness.