Greek GDP on Target for Objectives in 2017

January 26, 2017 Share Print 0

Greece outperformed its fiscal targets last year and is likely to meet fiscal objectives this year, putting it on track to meet the primary surplus target of 3.5 percent of GDP in 2018, European Commission Vice President Valdis Dombrovskis said.

A Greek budget surplus before debt servicing of 3.5 percent of economic output in 2018 is important because the euro zone may grant it further debt relief if Athens attains and keeps it for several years.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.