The Proper Greek Analyst argued that Greece recorded a deficit of 9.32 billion euros in current transactions in the seven months of 2026, the second largest in the last 14 years, after the 12.15 billion euros in 2022, which, as he wrote, was linked to the Covid crisis. He also stated that exports of goods and services lagged behind imports and described the production deficit as structural. Citing the IMF's projections in the World Economic Outlook of October 2026, he mentioned that Greece ranked 172nd out of 190 countries in 2026 regarding the current account deficit, with a rate of -6.6% of GDP, and that in 2027 it was expected to rise to 168th place, with a deficit of -5.9%. He described the second performance as a slight improvement, but both as rankings among the worst economies globally. He linked the deterioration, as he described it, to the fact that the country does not produce enough, despite the 36 billion euros from the Recovery Fund and seven years after exiting the memoranda. He also referenced the draft budget for 2027, according to which the overall Public Investment Program would be reduced by 35%, from 17 billion euros in 2026 to 11 billion in 2027. Finally, he criticized the Budget Office of the Parliament, saying that its report for September, which would be presented to MPs on Friday, was four months behind in terms of data and did not comment on the country's trajectory. #ακρίβεια #οικονομια #εισαγωγες #εξαγωγες #οικονομια #εξαγωγες #εισαγωγες (translated)
