Greek economic turnaround continues

Written by on December 15, 2017 in Europe - Comments Off on Greek economic turnaround continues

The positive signs coming out of the Greek economy increased this week as the country saw its fiscal targets being met while unemployment drops and bond yields fell to their lowest point in almost a decade.

Finance ministry figures released on Thursday showed a primary budget surplus of 4.66 billion euro was achieved in the eleven months to November 2017. The government’s target was for a primary budget surplus of 3.07 billion euro for the January-to-November period.

Net tax revenue was also higher than the target set by 517 million euro, standing at 43.8 billion euro.

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