The current account balance is a key macroeconomic aggregate which measures the current account position of a reference country relative to the rest of the world, reflecting the productive capacity and competitiveness of the reference economy. [...] (c) The secondary income account, due to the delayed payments of ANFA/SMP profits and of the second tranche from the Recovery and Resilience Facility (RRF), which was disbursed in the first quarter of 2023 instead of the second half of 2022. [...] To sum up, the main external imbalance of the Greek economy is attributable to the balance of goods, which is the primary cause of the trade deficit and subsequently of the current account deficit over time. [...] to speed up the delivery of justice, cut red tape, accelerate and streamline the approval of export-oriented, productive investment projects could boost the extroversion of the Greek economy and contribute to the improvement of the current account balance. [...] Diplomas in Applied Economics and Economic Policy (grade “Excellent”, 1999) from the Department of Economics of the National and Kapodistrian University of Athens (UoA) and in European Studies for Business Executives (grade “Excellent", 2014) from the Department of International and European Economics of the Athens University of Economics and Business (AUEB).
Authors
- Pages
- 7
- Published in
- Austria
