Greece Growth Rate Slows In Third Quarter of 2017

5 December 2017
441 Views

Greece’s economy grew at a slower pace in the third quarter, data from the Hellenic Statistical Authority showed on Monday.

Gross domestic product expanded 0.3 percent sequentially, slower than the revised 0.8 percent growth seen in the second quarter.

Nonetheless, this was the third consecutive expansion in GDP growth. The second quarter growth was revised up from 0.5 percent.

On a yearly basis, the economy grew 1.3 percent, following second quarter’s 1.6 percent increase.

On the expenditure-side, final consumption expenditure dropped 0.1 percent from the previous quarter and gross fixed capital formation slid 6.1 percent.

Meanwhile, exports advanced 5 percent and imports climbed 0.4 percent in the third quarter.

Source: Greek Reporter

You may be interested

Lotto results: 18/08/2018
GREECE
shares16 views
GREECE
shares16 views

Lotto results: 18/08/2018

Panos - Aug 18, 2018

The winning numbers from the Lotto draw are as follows:

Rubikon storms the Embassy of Austria!
GREECE
shares39 views
GREECE
shares39 views

Rubikon storms the Embassy of Austria!

makis - Aug 17, 2018

An invasion of the Embassy of Austria took place at noon on Friday by the anarchist group Rubicon. In a…

Germany: We have agreed with Athens on the return of immigrants to Greece
WORLD
shares42 views
WORLD
shares42 views

Germany: We have agreed with Athens on the return of immigrants to Greece

makis - Aug 17, 2018

On Friday afternoon the spokesman of the German Ministry of the Interior announced an agreement with the Greek government regarding…

Leave a Comment

Your email address will not be published.