Punishing recession extended in 2015, Greek economy shrank by 1.3%

14 October 2016
563 Views

Greece’s GDP shrank by 1.3 percent in 2015, the country’s statistical service announced on Friday, confirming the worst forecasts for a year that witnessed two general elections, a controversial referendum, a near “train crash” with Eurozone partners and capital controls.

The figure, in current prices, surpassed a negative forecast of -0.9 percent.

Domestic consumption fell 1.8 percent and general government consumption fell 2.2 percent.

The value of imported goods and services declined by 10.2 percent in 2015.

A recession will continue in 2016, with a 0.3-percent contraction predicted, with next year’s forecasts pointing to an economic recovery, with the most ambitious prediction coming from the IMF, which cited a figure of 2.8 percent of GDP.

You may be interested

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices
GREECE
shares17 views
GREECE
shares17 views

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices

Panos - May 07, 2021

The first upgraded Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy today, Thursday 6 May. The work on…

Foreigners looking to buy Greek property amid Covid-19 pandemic
FINANCE
shares29 views
FINANCE
shares29 views

Foreigners looking to buy Greek property amid Covid-19 pandemic

Panos - May 07, 2021

Despite the pandemic, the demand for a permanent holiday home in selected destinations in Greece by foreigners is on the…

Greek Taxisnet services not available for citizens over weekend
FINANCE
shares21 views
FINANCE
shares21 views

Greek Taxisnet services not available for citizens over weekend

Panos - May 07, 2021

Online services on the Taxisnet platform system will not be available to taxpayers over the weekend due to scheduled upgrading.…

Leave a Comment

Your email address will not be published.