Wednesday, August 8, 2007

Greece H1 GDP growth at 4.4 pct, 4.2 pct in Q2

Aug 8, 2007 - Greece's Finance Minster, George Alogoskoufis, said Greece's GDP grew by 4.4 pct in the first half of the year, compared to the first half of 2006.

He added that growth beat the 3.9 pct annual budget target, but that second quarter GDP growth slowed to 4.2 pct from 4.6 pct in the first quarter.

The figures were scheduled to be released on Friday by the Greek National Statistics Service, but the minister revealed them when speaking at a press conference organised to present a public fund designated to combat poverty in Greece.

In the beginning of May, the European Commission forecast that economic growth in Greece for 2007 will fall to 3.7 pct from 4.3 pct in 2006, but the local finance ministry had not accept these estimates.

1 comment:

Anonymous said...

RE http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/07/472&format=HTML&aged=0&language=EN&guiLanguage=en
Good up to date reading on eu especially Greece

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