Exports G&S in Greece
Greece - Exports Goods and Services
GDP shrinks in Q1
GDP figures from Greece’s crisis-hit economy show that the economy started the year on a sour note, as growth fails to emerge despite a number of economic reforms. According to an advance estimate released by the Hellenic Statistical Authority (EL.STAT) on 15 May, GDP fell 0.3% in Q1 compared to the same period last year. The result notably undershot market analysts’ expectations and followed the notable 1.4% contraction tallied in Q4 2016, showing that the economy remains on a weak foundation despite a number of bailouts.
On a quarterly basis, the economy slipped back into technical recession. GDP contracted 0.1% in seasonally-adjusted terms, which followed the 1.2% decrease in Q4 2016. The flash GDP data did not include a breakdown by components, which will be released along with more complete GDP figures on 2 June.
The government projects that the economy will grow 1.8% this year. FocusEconomics Consensus Forecast panelists see the economy growing a more muted 1.0% in 2017, which is unchanged from last month’s forecast. For 2018, the panel expects GDP to expand 1.9%.
Greece - Exports G&S Data
|Exports (G&S, annual variation in %)||0.0||1.2||1.5||7.8||3.4|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||5.67||-3.49 %||Jun 16|
|Exchange Rate||1.12||0.43 %||Jun 16|
|Stock Market||806||0.80 %||Jun 16|
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June 9, 2017
Industrial production expanded a working-day adjusted 1.0% in April compared to the same month of last year, which was below March’s revised notable 10.1% growth (previously reported: +8.7% year-on-year).
June 8, 2017
The number of unemployed fell by 19,400 in March, according to the Hellenic Statistical Authority (EL.STAT.).
June 1, 2017
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) inched up in May, but business conditions remained dismal in Greece’s manufacturing sector.
May 15, 2017
GDP figures from Greece’s crisis-hit economy show that the economy started the year on a sour note, as growth fails to emerge despite a number of economic reforms.
May 11, 2017
The number of unemployed in Greece decreased by 6,900 in February, according to the Hellenic Statistical Authority (EL.STAT.).