Greek C/A Surplus Falls in August

Greek C/A Surplus Falls in August

Greece's current account surplus shrank in August as the country's trade gap widened and the transfers' balance swung to a deficit, Reuters reported, quoting Greek central bank figures.
The current account balance showed a surplus of 1.221 billion euro ($1.67 billion) from 1.633 billion euro in the same month last year, the news agency reported.
Tourism receipts rose  12.4% year-on-year to 2.845 billion euro in August, bringing total revenue in the first eight months of the year to 8.698 billion euro, up 13.7% year-on-year.
 
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