Greece Growth Rate Slows In Third Quarter of 2017
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
You can build your own Earth 2.0 with the awesome website “Earth-like”Panos - May 18, 2021
You can now build your very own Earth 2.0! A new website allows users to create an Earth-like planet with a wide…
Erdogan: “84 million Turks will continue to defend Jerusalem” (video)Panos - May 18, 2021
Turkish President Recep Erdogan unleashed an unprecedented attack on US President Joe Biden on the occasion of the approval given…
All coronavirus vaccines in Greece available to citizens aged 40-44 as of Friday, says health expertPanos - May 18, 2021
Citizens aged 40-44 will be able to book vaccination appointments for any of the coronavirus vaccines currently available in Greece…