Greece's economy continued to recover in the third quarter, driven by net e...
FILE PHOTO: A view of the Piraeus Container Terminal, near Athens, Greece, September 20, 2017. REUTERS/Alkis Konstantinidis
Seasonally adjusted data released by statistics service ELSTAT on Thursday showed gross domestic product expanded 0.6% in the third quarter compared with an upwardly revised 1.3% growth rate in the second. “Despite the international slowdown, the export sector provided the main support to economic activity, topping initial estimates,” said National Bank economist Nikos Magginas.
“Tourism continued to support economic growth, making up for a mild increase in consumer spending and fixed capital investments,” Magginas said.
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