ECONOMY

Greek current account deficit shrinks in December

greek-current-account-deficit-shrinks-in-december

Greece’s current account deficit shrank in December 2019 compared with the same month a year earlier, the Bank of Greece said on Thursday.

Central bank data showed the deficit was 0.54 billion euros ($582.98 million), down from 1.514 billion euros in December 2018. Tourism revenues increased to 289 million euros from 272 million in the same month in 2018.

In 2018, Greece’s current account showed a deficit of 5.3 billion euros, up 2.1 billion year-on-year as the trade gap widened. [Reuters]