Greece’s C/A Gap Shrinks 43% Y/Y in March

Greece’s C/A Gap Shrinks 43% Y/Y in March

Greece's current account deficit narrowed 43% year-on-year in March due to falling imports, Reuters reported, quoting central bank data.
The current account balance showed a deficit of 1.285 billion euro ($1.65 billion), compared to 2.237 billion euro in the same month a year earlier.
Greece's current account deficit is expected to fall to 2.8% of GDP this year, from 5.3% in 2012, the news agency said, quoting European Commission forecasts.


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