Current account

Greece posted a 5.2-billion-euro decrease in the current and capital account deficit in the first quarter of 2023 compared to the first quarter of 2022, a development related to the significant growth in the balance of secondary incomes, i.e.

A ghost from the past, the current account deficit, has come to the fore again, on the occasion of the European Commission's spring forecasts, which calculated it at an alarming 11.8% of GDP in 2022, but also the strong warning by Bank of Greece Governor Yannis Stournaras on this specific issue.

The Greek current account deficit fell by 3 billion euros in the January-February period this year compared with the corresponding period in 2022, to stand at €1.5 billion, the Bank of Greece said on Thursday. 

Türkiye's current account deficit came in at $8.78 billion in February, falling from a deficit of $10 billion in the previous month, data from the Central Bank have shown.

In February 2022, the balance of payments showed a current account gap of $5.3 billion.

BELGRADE - The Serbian economy has shown resilience in the face of strong headwinds from high food and energy prices, weak trading partner growth, and tight global financial conditions, the International Monetary Fund (IMF) said on Wednesday after its mission completed the first review under a stand-by arrangement with Serbia.

Türkiye posted a current account deficit of $3.67 billion in November 2022, data from the Central Bank have shown.

The deficit was $352 million in October and stood at $2.1 billion in November 2021.

"Gold and energy excluded the current account showed a net surplus of $5.3 billion," the Central Bank said.

The economic growth rate is expected to be above 7.3 percent in the second quarter of 2022, Treasury and Finance Minister Nureddin Nebati has expressed.

"The economy grew by 7.3 percent in the first quarter. We are expecting a growth rate above that in the second quarter," Nebati said in an interview with private broadcaster NTV on Aug. 23.

Türkiye's current account deficit was $3.46 billion in June, rising by $2.27 billion from a year ago, according to the Central Bank.

Türkiye's current account deficit widened by $3.2 billion from a year ago to stand at $6.5 billion in May, the country's Central Bank said on July 8.

The 12-month cumulative current account gap, thus, reached $29.44 billion.

Turkey's current account deficit came in at $2.7 billion in April, widening by $1.2 billion in the same month of last year, the Central Bank said yesterday.

On the back of the April data, the country's 12-month rolling current account gap amounted to $25.7 billion.