Greece's current account deficit shrinks in April on growing tourism, exports

BY Reuters | ECONOMIC | 04:15 AM EDT

June 19 (Reuters) - Greece's current account deficit shrank in April from a year earlier thanks to robust exports and tourism receipts, Bank of Greece data showed on Friday.

* The current account deficit stood at 1.4 billion euros ($1.60 billion) in April, down from 2.4 billion euros in the same month last year.

* Exports rose by 36% in April, outpacing imports.

* Tourism revenue increased by 9.5% to 1.1 billion euros.

* Foreign arrivals were 10.6% higher. ($1 = 0.8736 euros) (Reporting by Angeliki Koutantou; Editing by Susan Fenton)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article