Wednesday, 22 May 2013 13:07
Posted by Shoaib-ur-Rehman Siddiqui
ATHENS: Greece's current account deficit narrowed 43 percent in March, helped by falling imports due to the country's recession, the Bank of Greece said on Wednesday.The current account balance, a key measure of economic competitiveness, showed a deficit of 1.285 billion euros ($1.65 billion) from 2.237 billion euros in the same month last year.Falling imports due to the country's deep economic contraction and cost-competitiveness gains are narrowing the gap, which is expected to shrink to ...