Greek economy made surprise Q2 surge before capital controls

London

GREECE's economy grew in the second quarter in a surprise surge just before the standoff between the government and its creditors forced officials to impose capital controls.

The Hellenic Statistical Authority in Athens said gross domestic product (GDP) rose 0.8 per cent, as it revised up the first quarter to show stagnation. Nominal GDP, which excludes adjustments for price changes, fell 0.7 per cent in the period through June.