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Friday, August 28, 2015

Greek economy grows in second quarter, helped by consumer spending

Greece's economy grew 0.9 percent in the second quarter, compared with previous flash estimate of 0.8 percent earlier this month, helped by consumer spending and net exports, data showed on Friday. Consumption grew 1.1 percent quarter-on-quarter, with net exports helped by a 4.9 percent fall in imports compared with the previous three-month period. "Consumer spending was the main driver, its resilience amid a period of uncertainty helped by the contained fiscal drag and a favourable impact on household budgets from lower oil prices," Magginas said.


READ THE ORIGINAL POST AT uk.news.yahoo.com