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ELSTAT: GDP increases by 0.5% during third quarter of 2016

The Greek statistics authority ELSTAT has announced that the domestc economy grew…

The Greek statistics authority ELSTAT has announced that the domestc economy grew by 0.5% in the three-month period between July and September, compared to the second quarter when the gross domestic product expanded by an upwardly revised 0.3%

Additionally, the seasonally adjusted data showed the economy grew at an annual 1.5% pace in the third quarter, at a much faster clip than in the second quarter, when it shrank by an upwardly revised 0.6%.

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