ELSTAT documents 0.6% rate of recession in Q4 2015
The Greek statistics authority ELSTAT has published its latest flash estimates on the gross domestic product (GDP) for the final quarter of 2015.
According to ELSTAT’s figures, the GDP decreased by 0.6% in comparison with the 3 rd quarter of 2015, while it decreased by 1.9% in comparison with the 4th quarter of 2014.
Furthermore, the available non-seasonally adjusted data indicates that in the 4th quarter of 2015, the GDP (in volume terms) decreased by 2.0% in comparison with the 4th quarter of 2014.
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