Greek Q2 growth of 0.8 pct confounds recession forecasts

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

Greece’s seasonally adjusted (SA) GDP at constant prices rose quarter on quarter (QoQ) by 0.8 percent in Q2 2015 following a upward revised 0.02 percent growth recorded in Q1, according to the flash estimates published by the Hellenic Statistical Authority (ELSTAT) on Thursday.

The released figure is well above the Reuters poll that saw a GDP contraction of 0.8 percent QoQ and is probably attributed to higher retail sales and tourism revenues.

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