GDP growth in Greece slowed in the second quarter


The economy of Greece grew by 0.2% in the second quarter relative to the previous quarter, when its growth was 0.9%, according to the National Statistical Service of the country. Compared to the same period last year, GDP of Greece grew by 1.8% after an increase of 2.5% in the first quarter. Exports of goods and services increased in annual terms by 9.5%, imports - by 4.2%. Growth in consumer spending amounted to 0.4%, business investment - 1.6%. At the same time, government spending fell by 2%. The rating agency Fitch in August raised the long-term rating of Greece in foreign currency from “B” to “BB-” against the background of improved public finances and relations with European creditors.

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