ECONOMY

Greek growth turns to divestment in Jan-Oct period

greek-growth-turns-to-divestment-in-jan-oct-period

The economic shift from growth in 2014 back to recession in 2015 is evident from the divestment recorded this year in Greece, amounting to 371.6 million euros in the period from January to October according to data released by the Hellenic Statistical Authority (ELSTAT).

In the same period last year Greece had enjoyed net investment of 975.8 million euros.

The country’s foreign currency reserves amounted to 5.4 billion euros at the end of October, four months after the introduction of the capital controls, against 4.9 billion a year earlier, according to the Bank of Greece.