Arab Today, arab today greek economy shrank more in third quarter than thought at first
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Greek economy shrank more in third quarter than thought at first

Arab Today, arab today

Arab Today, arab today Greek economy shrank more in third quarter than thought at first

Greece's state statistics agency downgrades its third quarter GDP figure
Athens - AFP

Greece's state statistics agency on Friday drastically revised downwards the economy's third-quarter contraction to 0.9 percent, from 0.5 percent previously.

"These differences are on account of using new data, not available at the time of the flash estimate," the Elstat agency said, citing a mixture of September balance of payments data, service turnover and jobless figures as factors for the downturn.

In an annual comparison, Greek output fell by 1.1 percent from the third quarter of 2014, Elstat said.

The flash estimate on November 13 had pointed to a 0.4-percent drop from last year.

The data is consistent with European Commission forecasts that Greece will fall back into recession in 2015 after a brief respite last year.

The Commission is banking on a 1.4-percent contraction in 2015 and a further drop of 1.3 percent in 2016.

Greece's own 2016 budget, to be approved by parliament in early December, foresees "near zero" growth in 2015 and a 0.7-percent economic downturn next year.

Although Greece had a record tourism year, the gains were lost to economic uncertainty as the leftist government of Alexis Tsipras clashed with international creditors in June and imposed capital controls.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greek economy shrank more in third quarter than thought at first Arab Today, arab today greek economy shrank more in third quarter than thought at first

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greek economy shrank more in third quarter than thought at first Arab Today, arab today greek economy shrank more in third quarter than thought at first

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday