Greek Q4 GDP down 0.2 pct QoQ, 2014 nominal GDP stays in recession

EconomyMacroeconomy Tags: ELSTAT, GDP

The Greek seasonally adjusted (SA) GDP figure at constant prices showed a quarter on quarter (QoQ) fall of 0.2 percent in Q4 of 2014 after a rise (up to 0.7 percent) in the preceding three quarters, according to the flash estimates published by the Hellenic Statistical Authority (ELSTAT) on Friday.

In addition, SA GDP growth slightly accelerated to 1.7 percent YoY in Q4 from 1.6 percent in Q3. The slowdown of domestic economic activity in Q4 is mainly attributed to the political uncertainty that emerged in December and may also continue in the cou...

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