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

14 October 2016
513 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

Infectious Disease Committee ‘green light’ re-opening of high schools on February 1st – The measures from January 25th
GREECE
shares56 views
GREECE
shares56 views

Infectious Disease Committee ‘green light’ re-opening of high schools on February 1st – The measures from January 25th

makis - Jan 22, 2021

The experts of the Committee of the Ministry of Health gave the “green light” on Friday for the opening of…

EU teleconference Summit: Concerns over Covid-19 mutations and delay in vaccines
GREECE
shares43 views
GREECE
shares43 views

EU teleconference Summit: Concerns over Covid-19 mutations and delay in vaccines

makis - Jan 22, 2021

PM Mitsotakis’ proposal for a European vaccination certificate, which would facilitate travel without the need for a coronavirus test for…

Crete is the most popular holiday destination for Brits
GREECE
shares56 views
GREECE
shares56 views

Crete is the most popular holiday destination for Brits

Panos - Jan 21, 2021

Crete is the most popular holiday destination for this year’s tourist season for the Brits, according to online searches made in…

Leave a Comment

Your email address will not be published.