According to Eurostat data published on Wednesday, Greece’s economy presented 0.1% growth in the fourth quarter of 2017, compared to the third quarter. In the same period, the GDP in the Eurozone and the EU increased by 0.6%. Compared to the fourth quarter of 2016, the GDP in Greece increased by 1.9%, while the GDP in the Eurozone and the EU presented 2.7% and 2.6% increase, respectively. The member states that presented the highest growth rate in the fourth quarter of 2017 are Estonia (2.2%), Slovenia (2%) and Lithuania (1.4%). On the other hand, the lowest GDP increase was recorded in Greece and Croatia (0.1%), as well as in Italy and Latvia (0.3%).

In 2017, the GDP in the Eurozone increased by 2.3%, recording one of the highest growth rates in the last decade. In 2017, the GDP in the EU increased by 2.4%, compared to 2% in 2016. Greece’s economy presented a growth rate of 1.4%.

 

Translation: Eleni Gogou