Greek economy grew 1.7% in fourth quarter: official data
[ATHENS] Greece's economy grew 1.7 per cent in the fourth quarter of 2014 in an annual comparison, the state statistics agency said on Friday.
This constituted the third straight rise in output, after increases of 0.4 per cent and 1.6 per cent in the second and third quarters respectively, the agency said.
The figures demonstrate that the Greek economy grew by 0.8 per cent between 2013 and 2014, an AFP calculation showed, a superior result to budget provisions.
The Greek finance ministry had forecast growth of 0.6 per cent for the year.
In a quarterly comparison, however, the economy contracted by 0.2 per cent compared to the previous three-month period.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle
UAE announces US$544 million for rain repairs, says lessons 'learned'