Weekly Bulletin

5 Apr, 2021
  • According to Geostat’s preliminary estimates, broadly in line with expectations, GDP has fallen by 5.1% YoY in February 2021, following an 11.5% YoY drop in January 2021
  • Annual inflation stood at 7.2% YoY in March 2021, up from 3.6% YoY in February, exceeding our latest outlook of inflation being at 6.0-7.0% by the end of the year
  • The current account balance to GDP ratio stood at -13.2% in Q4 2020, down 1.3 PP YoY
  • The NBG sold USD 27.5mln on April 1, 2021, continuing interventions in the FX market
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