Greek economy grows in second quarter, helped by consumer spending


  • World
  • Friday, 28 Aug 2015

ATHENS (Reuters) - Greece's economy grew 0.9 percent in the second quarter, compared with previous flash estimate of 0.8 percent earlier this month, helped by consumer spending and net exports, data showed on Friday.

Analysts say the data supports a more favourable outlook for the year as a whole than the official forecast for a 2.3 percent contraction and confirms that despite political upheaval, Greece has not returned to a recession in 2015.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

London firms are letting more staff work entirely from home
Russian strike kills at least two in Ukraine's Kharkiv, say officials
Hack that paralysed US healthcare turns up scrutiny on insurer
Indonesia may offer dual citizenship to attract overseas workers, minister says
Tractor-trailers with no one aboard? The future is near for self-driving trucks on US roads
Russian missile hits educational institution, kills five in Ukraine's Odesa
US Supreme Court rejects Musk appeal over social media posts that must be approved by Tesla
A 98-year-old Ukraine woman walks 10 km under shelling to escape Russians
US man sent a 14-year-old girl nude photos on Snapchat
Thirty men have died trying to leave Ukraine to avoid fighting since war started

Others Also Read