Greek statistical services show better-than-expected results

15 November 2015
39 Views

ELSTAT

The Hellenic Statistical Authority (ELSTAT) published flash estimates showing that GDP decline in Greece was just 0.5% during the third quarter of 2015. These results, published on Friday, were “especially encouraging” and showed the country’s economy had managed to withstand the impact of capital controls, say finance ministry sources.

ELSTAT announced its latest flash estimates on the gross domestic product (GDP) for the third quarter of 2015 and documented a 0.5% decline in comparison to the second quarter of 2015 and a 0.4% declined compared with the third quarter of 2014.

Earlier forecasts had been significantly higher as they showed a GDP decline of 1.9% on an annual basis and 2.7% compared with the second quarter. They also helped support government forecasts that the recession throughout 2015 will be around 1.3%, instead of the initial forecasts for a 2.3% GDP decline made in the summer, and pointed toward an earlier return to economic growth.

EUROSTAT

Seasonally adjusted GDP rose by 0.3% in the euro area (EA19) and by 0.4% in the EU28 during the third quarter of 2015, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the second quarter of 2015, GDP grew by 0.4% in both areas. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.6% in the euro area and by 1.9% in the EU28 in the third quarter of 2015, after +1.5% and +1.9% respectively in the previous quarter. During the third quarter of 2015, GDP in the United States increased by 0.4% compared with the previous quarter (after +1.0% in the second quarter of 2015). Compared with the same quarter of the previous year, GDP grew by 2.0% (after +2.7% in the previous quarter). Greece’s results were better than expected.

You may be interested

PAO fans storm club’s offices
GREECE
shares77 views
GREECE
shares77 views

PAO fans storm club’s offices

makis - Jun 23, 2017

A group of Panathinaikos fans have stormed the club’s headquarters protesting against what they consider to be a complete lack…

Almost 4 million Greeks were at risk of poverty last year
FINANCE
shares65 views
FINANCE
shares65 views

Almost 4 million Greeks were at risk of poverty last year

makis - Jun 23, 2017

According to the ELSTAT, 35,6% of the Greece’s population or 3.789.300 people were at risk of poverty or social exclusion…

New survey: New Democracy gains 6 percentage points in one month widening the gap with Syriza!
POLITICS
shares86 views
POLITICS
shares86 views

New survey: New Democracy gains 6 percentage points in one month widening the gap with Syriza!

makis - Jun 23, 2017

The government’s communication effort to give a positive impression to the Eurogroup agreement does not seem to be working that…

Leave a Comment

Your email address will not be published.