Eurostat: Greek economy shrinks by 0.5% in first quarter of 2016

The European statistics authority Eurostat has published its latest figures and documented a 0.5% drop in the GDP in Greece...

07.06.2016 13:32

Newsroom

Eurostat: Greek economy shrinks by 0.5% in first quarter of 2016

epa02133759 (FILE) A European Union flag is flying over the temple of Parthenon on Acropolis hill in Athens on 09 April 2010. World stock markets stumbled 27 April 2010 on the news that ratings agency Standard & Poor s had slashed credit ratings for sovereign debt from Greece and Portugal. According to the N-TV news channel, at shortly after 1630 GMT, the Dow Jones industrial average was down 1.2 per cent to 11,068, while Germany s Dax was down 2.7 per cent to 6,160. N-TV also reported that the euro had lost 1.2 per cent in value compared to the dollar, putting it at 1.3233 as fears spread that weakness in Greek and Portuguese finances could destabilize the monetary union. EPA/ORESTIS PANAGIOTOU {{ (File:INT8660351.jpg)(Country:Greece)(City:ATHENS)(Object:FILE GREECE ECONOMY DEBT CRISIS) }}

07.06.2016 13:32

International

Newsroom

The European statistics authority Eurostat has published its latest figures and documented a 0.5% drop in the GDP in Greece...

The European statistics authority Eurostat has published its latest divs and documented a 0.5% drop in the GDP in Greece, during the first quarter of 2016.

During the same semester Eurostat also documented a 0.6% rise in the GDP in the Eurozone and a 0.5% increase in the European Union.

Compared to the first semester of 2015, the seasonally adjusted GDP in Greece dropped by 1.9%, while at the same time in the Eurozone it grew by 1.7% 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%).

Ακολούθησε το Βήμα στο Google news και μάθε όλες τις τελευταίες ειδήσεις.