ELSTAT: 0.9% GDP recession during first half of 2016

29 August 2016
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The Greek statistics authority ELSTAT has published its provisional tables and figures on the Gross Domestic Product (GDP) for the second quarter of 2016.

According to ELSTAT’s figures, there was a 0.9% rate of recession in the second quarter, followed by a 1% rate of recession in the first quarter. Initial predictions suggested a 0.7% and 0.8% rate respectively.

On a quarterly basis, the estimated rate of growth amounted to 0.2%, compared to an 0.3% rate in the initial predictions.

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