Greece: Economy grows at fastest pace in over six years
February 13, 2015
In the fourth quarter of 2014, the economy expanded 1.7% over the same period of the previous year, according to an advance estimate released by the Hellenic Statistical Authority (EL.STAT) on 13 February. Q4’s reading marked an acceleration over the 1.6% expansion recorded in Q3 2014 and undershot market expectations of a 2.1% increase.
The economy contracted 0.2% in Q4 2014 over the previous quarter in seasonally-adjusted terms, which notably contrasted the 0.8% expansion tallied in Q3. The statistical institute will release more detailed data on 27 February.
Author: Cecilia Simkievich, Economist