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
European Lawyers Bars Associations requests information on legal status of imprisoned Greek soldiers in Turkeymakis - May 23, 2018
The President of the Council of Bars and Law Societies of Europe (CCBE), Antonín Mokrý has sent a letter to…
Attackers of Thessaloniki Mayor Boutaris apologise in tears in courtmakis - May 23, 2018
The three men charged with assault against the Mayor of Thessaloniki, Yiannis Boutaris, during an event commemorating the Pontic Greek…
Political confrontation between Tsipras-Mitsotakis on elections modemakis - May 23, 2018
The prime minister, Alexis Tsipras, for the first time acknowledged the possibility of a precautionary credit line for Greece. In…