Greek economy surprises in Q3, eases by a marginal 0.5 pct

EconomyMacroeconomy Tags: ELSTAT, GDP
Photo by Harry van Versendaal
Photo by Harry van Versendaal

The Greek seasonally adjusted (SA) GDP at constant prices fell quarter on quarter (QoQ) by 0.5 percent in Q3 2015 following a downward revised 0.4 percent growth posted in Q2, the Hellenic Statistical Authority (ELSTAT) flash estimates displayed on Friday.

The headline figure for Q3 indicates the first negative reading since Q4 2014 and markedly better than market polls indicated.

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