ELSTAT: 0.7% recession in the second trimester of 2016
The Greek statistics authority ELSTAT has documented a 0.7% rate of recession in the second trimester of 2016, compared to the same trimester last year in its last flash estimates.
Compared to the first trimester of 2016 though, the non-seasonally adjusted data shows that the Gross Domestic Product (GDP) in volume terms increased by 0.3% during this period.
Available non-seasonally adjusted data indicate that in the second quarter of 2016 the GDP in volume terms decreased by 0.1% in comparison with the second quarter of 2015.
You may be interested
The full IMF programme for Greecemakis - Jul 21, 2017
The IMF published its new programme on Greece on Thursday, which was approved on principle by the organisation’s board of…
President Pavlopoulos extends support to Kos Mayormakis - Jul 21, 2017
The President of the Hellenic Republic, Prokopis Pavlopoulos expressed his deepest sorrow for the victims of the Kos earthquake in…
Kos earthquake: Turkish victim identified as Sinan Kurtoglumakis - Jul 21, 2017
The name of the Turkish national killed in the earthquake on the island of Kos is Sinan Kurtoglu. According to…