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Athens News Agency: News in English, 11-09-08

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek economy shrinks 7.7 pct in H1

  • [01] Greek economy shrinks 7.7 pct in H1

    (ANA-MPA) -- The Greek economy remained in deep recession in the first half of 2011, with the country’s Gross Domestic Product shrinking by 7.7 pct in the January-June period, compared with a decline of 2.35 pct in the same period last year, the independent Hellenic Statistical Authority said on Thursday.

    The statistics service, in a report, said that GDP fell 7.3 pct in the second quarter of 2011, exceeding a budget target for a decline of 6.9 pct. The statistics agency attributed this negative development to a sharp decline in turnover in the services sector and to a large decline in investments. The country’s Gross Domestic Product shrank 8.1 pct in the first quarter. (ANA-MPA)


    Athens News Agency: News in English Directory - Previous Article - Next Article
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