GDP rises by 2.3 pct QoQ in Q1 as consumption grows, but other components shrink

EconomyMacroeconomy Tags: ELSTAT, GDP

Greece’s seasonally adjusted (SA) GDP increased by 2.3 percent quarter-on-quarter (QoQ) in the first quarter (Q1), from an upwards revised 0.8 percent in Q4, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Tuesday.

On an annual basis, Q1 GDP also slowed down to 7 percent growth, from an upwards revised 8.1 percent year-on-year (YoY) in Q4.

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