Macro roundup: Lost revenue and twin deficits

A quick summary of this week's macroeconomic data

Just a brief summary for this week’s newsletter.

  • Greece’s current account deficit in September was 499 million euros, compared with a surplus of 914 million euros in the same month of 2019, bringing the total deficit for the first nine months of the year to 8.6 billion euros.

  • The central government primary budget deficit in October was 2 billion euros, the widest since May, bringing the year-to-date deficit to 9.1 billion euros, according to preliminary data from the Finance Ministry.


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Next week’s key data

Wednesday:
  • January-October central government budget execution, final figures (Finance Ministry, probable date)

Thursday:
  • October bank lending and deposits (Bank of Greece)

Friday:
  • November economic sentiment indicator (European Commission)


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