Annual GDP growth slows in Q1, contracts by 0.1 pct QoQ

EconomyMacroeconomy Tags: ELSTAT, GDP

Greece’s seasonally adjusted (SA) GDP decreased by 0.1 percent quarter-on-quarter (QoQ), from a downward revised 1.1 percent in the last quarter of 2022, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.

This was the first quarterly GDP drop since the second quarter of 2020, when GDP had dropped by 13.4 percent.

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