Calamos Supports Greece
GreekReporter.comGreek NewsEconomyEurostat: Greek Economy Shrinks 0.5% in First Quarter

Eurostat: Greek Economy Shrinks 0.5% in First Quarter

EU_Europe_Greece_Eurozone_EurogroupThe European statistics authority (Eurostat) has released its latest figures showing a 0.5% drop in GDP in Greece, in the first quarter of 2016.
At the same period, euro zone as a whole showed a 0.6% rise in GDP, while the European Union documented a 0.5 percent increase in GDP.
Compared to the first semester of 2015, the seasonally adjusted GDP in Greece dropped by 1.9%, while at the same time it grew by 1.7% in the euro zone and 1.8% in the EU.
Finally, the highest growth rates were documented in Romania (1.6%) and Cyprus (0.9%), followed by Spain, Lithuania, Austria and Slovakia (0.8%). Conversely, the highest drops were documented in Hungary (0.8%), Greece (0.5%) and Poland (0.1%).

See all the latest news from Greece and the world at Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!

Related Posts