Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016

EconomyMacroeconomy Tags: ELSTAT, GDP
Photo by Gerasimos Domenikos/Fosphotos
Photo by Gerasimos Domenikos/Fosphotos

Greeces’ seasonally adjusted (SA) GDP fell by 0.4 percent quarter on quarter (QoQ) in the fourth quarter (Q4) of 2016, after an upward revised growth of 0.9 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) flash estimates revealed on Tuesday.

Following the Q4 performance, the aggregate figures for the whole year point to a real GDP growth of 0.3 percent, which is exactly the same as the latest European Commission (EC) forecast and slightly below the IMF and the Bank of Greece estimates point...

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