In a surprising turn of events, Greece's current account balance swung sharply into a deficit of €2.490 billion in February 2025, as reported in the latest data update on April 17, 2025. This marks a significant departure from January's surplus of €1.017 billion, highlighting a dramatic shift in the nation's economic landscape.
The latest figure compares unfavorably to the same month last year, pointing towards underlying economic challenges that Greece now faces. In stark contrast, January's surplus had previously mirrored a positive year-over-year comparison, indicating January's brief economic respite.
Economists are on alert over Greece's economic stability, with this recent development casting new uncertainties. As the country grapples with these fluctuations, attention turns to policymakers to diagnose and address the underlying causes behind this sudden and sharp transition into deficit. The regional economy and international observers will closely monitor Greece's upcoming fiscal strategies and measures to restore balance and growth.
