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Τρίτη, 07 Ιουνίου 2016 17:05

Greek GDP down 0.5% in Q1 2016, from Q4 2015

Eurostat on Tuesday confirmed the more gloomier prediction regarding the Greek economy so far in 2016, with GDP rate down 0.5 percent in the first trimester of the year, compared with the preceding quarter.

Eurostat on Tuesday confirmed the more gloomier prediction regarding the Greek economy so far in 2016, with GDP rate down 0.5 percent in the first trimester of the year, compared with the preceding quarter.

The figure comes as the Euro zone and European Union, as a whole, posted 0.6 and 0.5-percent increases, respectively. Greece was joined by Hungary and Poland as the only other EU states with a negative growth rate in the Q1, qoq.