Thursday October 23, 2014 Search
Weather | Athens
22o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Revised GDP data confirm that Greek growth is near

By Sotiris Nikas

The Hellenic Statistical Authority (ELSTAT) announced on Monday it had revised the size of the economic contraction in the second quarter of the year from 0.2 percent to 0.3 percent on annual basis, though this serves to highlight that the reduction of the gross domestic product has slowed to such an extent that justifies the governments optimism that 2014 will be the first year of growth 0.6 percent after six years of recession.

ELSTATs data showed that the slowdown in the contraction of GDP is due to stabilizing consumption, the reduction in the falling rate of investments and the rise in exports.

The statistics authority has also revised the contraction data for the first quarter from 0.9 to 1.1 percent, taking the total GDP reduction in the first half to 0.7 percent.

Given the major increase in tourism, which has beaten expectations, the target of 0.6 percent by the end of the year is quite attainable now.

ekathimerini.com , Monday September 1, 2014 (22:40)  
Nissan recalling 260,000 vehicles globally with Takata air bags
Arrivals show increase in January-June 2014 period
TBEX brings together 800 travel bloggers in Athens
Athens weighs its LNG and CNG options
Samaras to represent Anastasiades at European Council meeting
Greek Prime Minister Antonis Samaras is to represent Cypriot President Nicos Anastasiades at the European Council and a European conservative leaders' meeting on Thursday after the latter wa...
Cyprus president to sit out EU summit due to high blood pressure
Cyprus President Nicos Anastasiades was admitted to a hospital in Brussels on Thursday morning following repeated nosebleeds caused by high blood pressure. He was discharged a few hours late...
Inside News
SOCCER
Robertos heroics make Kasamis goal count
Pajtim Kasamis goal and Robertos heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Defusing a crisis
The crisis in Cyprus is escalating rapidly and defusing it is an extremely delicate and complicated procedure that will inevitably lead to losses for the weakest of the two sides. The course...
EDITORIAL
PM needs to step up
The public perception of the government is anything but good right now. The coalition is projecting an image of discord and constant disputes show that key ministers are unable to stay on th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Nissan recalling 260,000 vehicles globally with Takata air bags
2. Samaras to represent Anastasiades at European Council meeting
3. Arrivals show increase in January-June 2014 period
4. Cyprus president to sit out EU summit due to high blood pressure
5. Strong winds hamper sea travel
6. TBEX brings together 800 travel bloggers in Athens
more news
Today
This Week
1. Strong winds hamper sea travel
2. TBEX brings together 800 travel bloggers in Athens
3. Cyprus president to sit out EU summit due to high blood pressure
4. Arrivals show increase in January-June 2014 period
5. Samaras to represent Anastasiades at European Council meeting
6. Nissan recalling 260,000 vehicles globally with Takata air bags
Today
This Week
1. Coalition shooting itself in the foot
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. Greeces closed society is central to its current malaise
4. The past, present and future of the Greek debt crisis
5. Greece must stick to reforms, says Schaeuble
6. At least 11 banks to fail European stress tests, three in Greece, report says
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.