Greece Growth Rate Slows In Third Quarter of 2017

5 December 2017
212 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

ND on the verge of absolute majority, latest poll suggests
GREECE
shares34 views
GREECE
shares34 views

ND on the verge of absolute majority, latest poll suggests

makis - Dec 13, 2017

Major opposition party New Democracy (ND) leads ruling SYRIZA by 9.4 percentage points, according to the latest poll conducted by…

Greece to speed up migrant transfer after Turkey deal
GREECE
shares45 views
GREECE
shares45 views

Greece to speed up migrant transfer after Turkey deal

makis - Dec 13, 2017

Greece will speed up the relocation of thousands of migrants from its overcrowded islands to the mainland before the onset…

Greek Supreme Court rules for extradition to US of Russian cybercriminal
GREECE
shares60 views
GREECE
shares60 views

Greek Supreme Court rules for extradition to US of Russian cybercriminal

makis - Dec 13, 2017

The Supreme Civil and Criminal Court of Greece (Areios Pagos) ruled on Wednesday in favour of the extradition to the…

Leave a Comment

Your email address will not be published.