Surprise 0.1 pct QoQ rise in Q4 GDP on investment rebound, 2015 recession at 0.3 pct

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

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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