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Nov data confirms record-breaking year for tourism as 11M receipts reach 23 bln, up 8.9 pct
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Industrial turnover posts modest 0.7 pct YoY rise in Nov, falls sharply MoM
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Current account deficit at 2.08 bln in Nov, falls significantly in 11M
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Car sales record strong rise in Dec, grow by 5.9 pct YoY in 2025
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Small total surplus for budget at close of 2025 as underspend remains prominent
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Energy propels 3.3 pct YoY drop in import prices in Nov
Underwhelming GDP highlights investment falling short of mark
The signs that the Greek economy has been slowing were evident in previous GDP releases for 2023, as minor movements were recorded during the year and, after the latest revision, the first quarterly drop was seen in Q3. There was a minor 0.1 pct contraction, not seen since Q2 2020 when the pandemic dealt a serious blow to the economy.
The QoQ movement in Q1 was unchanged, it was up by 1.1 pct in Q2 and the economy had marginal gains of 0.2 pct in the last quarter of 2023.
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