Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates

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

The Greek seasonally adjusted (SA) GDP at constant prices contracted 0.5 percent quarter on quarter (QoQ) in the first quarter (Q1) of 2016 after a short-lived marginal increase by 0.1 percent in Q4 2015, the Hellenic Statistical Authority (ELSTAT) provisional estimates showed on Monday.

In contrast, general government consumption grew 1.5 percent QoQ in Q1 (from +0.2 percent in Q4), while fell by 1.5 percent YoY.

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