Q4 GDP contracts 0.6 pct QoQ, recession of 0.7 pct in 2015

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

The Greek seasonally adjusted (SA) GDP at constant prices fell quarter on quarter (QoQ) by 0.6 percent in the fourth quarter (Q4) of 2015 at a decelerating pace compared to the downward revised 1.4 percent drop in Q3, the Hellenic Statistical Authority (ELSTAT) flash estimates showed on Friday.

Following the revision of previous quarters, the headline figure for Q4 indicates the third negative reading in the course of 2015. Market polls were calling for a higher GDP contraction of 0.9 percent in Q4.

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