21 July 2026, 13:04 Greece: Current Account Deficit Widens Sharply.
Greece’s current account deficit widened sharply to €0.960 billion in May 2026 from €0.004 billion in the corresponding month a year earlier. The primary income deficit expanded to €0.751 billion from €0.327 billion. At the same time, the secondary income balance posted a deficit of €0.395 billion, compared with a surplus of €0.515 billion a year earlier, driven largely by a significant decrease in receipts from both the general government and other sectors. Meanwhile, the goods account deficit narrowed to €2.115 billion from €2.362 billion as exports surged 21.2%, outpacing a 9.6% increase in imports. The services account surplus also widened to €2.300 billion from €2.170 billion. In the January–May period, the country recorded a current account deficit of €8.936 billion, up from €7.303 billion in the same period last year.
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