Greece returns to growth after long recession, GDP figures show

EconomyMacroeconomy Tags: ELSTAT, GDP
Photo by MacroPolis
Photo by MacroPolis

The Greek economy exited the recession in Q2 2014, posting the first GDP growth after 16 successive quarters of recession, according to the flash estimates published by the Hellenic Statistical Authority (ELSTAT).

GDP at constant prices rose 1.7 percent year on year (YoY) in Q3 after growth of 0.4 percent. The reported figure was better than estimates (Reuters poll) of a 1.3 percent growth.

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