Greece Growth Rate Slows In Third Quarter of 2017

5 December 2017
274 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

Regling: “We are ready to ease the Greek debt”
FINANCE
shares32 views
FINANCE
shares32 views

Regling: “We are ready to ease the Greek debt”

makis - Feb 23, 2018

Technical work has begun to determine whether Greece will need a debt relief after an expected exit from the rescue…

Turkey threatens violence against Italian drill ship anew in Cyprus!
GREECE
shares45 views
GREECE
shares45 views

Turkey threatens violence against Italian drill ship anew in Cyprus!

makis - Feb 23, 2018

Turkey continued its belligerent stance off the coast of Cyprus on Friday, as it openly threatened violence against the Italian…

Greek PM Tsipras met with German Chancellor Merkel on EU Summit sidelines
POLITICS
shares39 views
POLITICS
shares39 views

Greek PM Tsipras met with German Chancellor Merkel on EU Summit sidelines

makis - Feb 23, 2018

Greek PM Alexis Tsipras met with German Chancellor Angela Merkel on the sidelines of the Brussels EU Summit, Thursday. According…

Leave a Comment

Your email address will not be published.