The Hellenic Statistical Authority said that Gross Domestic Product (GDP), a measure of a country's economic output, surprisingly increased by 0.8% in the three months to June. A breakdown of the figures is yet to be provided, but monthly retail sales figures suggest stronger household spending maybe behind the surprise bounce in GDP growth and this theory is supported by Dixons Carphone which recently reported strong sales growth in Greece . Although Greece will welcome the news, sceptics will argue that these figures relate to a period before the introduction of capital controls.
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