Greece: Economic growth slows to one-year low in Q1
May 15, 2015
In the first quarter of 2015, the economy expanded a meagre 0.1% over the same period last year, according to an advance estimate released by the Hellenic Statistical Authority (EL.STAT) on 13 May. Q1’s reading marked a notable deceleration over the 1.2% expansion recorded in Q4 2014 and the smallest increase in one year.
The economy contracted 0.2% in Q1 2015 over the previous quarter in seasonally-adjusted terms, which followed the 0.4% contraction tallied in Q4 2014. The result beat market expectations of a 0.5% decrease. The statistical institute will release more detailed data on 29 May.