Greek GDP Growth in third quarter

Both Greece’s ELSTAT and the EU’s Eurostat point to growth for the Greek GDP

The Hellenic Statistical Authority (ELSTAT) said that the Greek economy grew by 1.7% in the third quarter of the year compared with the same period last year. ELSTAT’s report said that, based on non-seasonal data, the country’s Gross Domestic Product grew by an average 0.6% in the nine-month period from January to September and said that the GDP grew 0.7% in the third quarter compared with the second quarter of 2014.

Eurostat also released figures on Friday showing that the Greek economy grew by 1.4% in the third quarter of 2014 compared to the corresponding period of the previous year and 0.7% compared to the second quarter. Its first estimates over GDP development said that the Eurozone’s Gross Domestic Product grew by 0.8% in the July-September period in the EU.