Pages

Thursday, August 13, 2015

Greece records surprise 0.8% economic growth in second quarter

Figures don’t cover the worst of the Greek crisis in July, when the banks were closed for three weeksGreece has stunned the financial markets by announcing that its economy grew by 0.8% in the three months leading up to the crisis that forced the government in Athens to close the banks and introduce capital controls.Figures from Greece’s statistical agency ELSTAT showed that the country grew more strongly between April and June than the UK, which advanced by 0.7%, even though the last few weeks of the quarter in Greece were dominated by reports of money leaving the country and fears of a debt default. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com