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.

If you’re enjoying this newsletter, consider sharing it with others who might also like it.

Share Grecology

Next week’s key data

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

  • October bank lending and deposits (Bank of Greece)

  • November economic sentiment indicator (European Commission)

Elsewhere on the web

I’d love to get your thoughts and feedback, either in the comments, on Twitter or by reply if you received the newsletter by email. If you’re not subscribed yet, consider doing so now.