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Credit growth at 2.1 pct in Oct, but flow negative by 856 mln
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Deposits drop by a sharp 2.14 bln in Oct, driven by corporations
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Aug sees second annual drop in building activity with 4 pct decline
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Final budget data for Oct verifies solid tax revenues on back of indirect and income tax haul
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Despite slowdown, property prices jump by 11.9 pct YoY in Q3
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Rise of 17.3 pct in arrivals by Sept means receipts already exceed 2019 record
Surprise 0.1 pct QoQ rise in Q4 GDP on investment rebound, 2015 recession at 0.3 pct
Greece’s seasonally adjusted (SA) GDP at constant prices surprised in the fourth quarter (Q4) of 2015 as it edged up by 0.1 percent quarter on quarter (QoQ) compared to a flash estimate of 0.6 percent contraction announced on February 12, Hellenic Statistical Authority (ELSTAT) provisional data showed on Monday.
The real GDP contraction in 2015 is higher than the government and European Commission (EC) forecast for zero growth but in line with Bank of Greece (BoG) estimate.
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