Greece’s GDP Grows in Q2, FinMin Says
Friday, 20 September 2013
Greece’s finance minister said the country’s gross domestic growth (GDP) posted growth in the second quarter, signaling recovery, Reuters reported.
"Based on available evidence, the economy expanded in the second quarter compared with the first quarter, at least for the first time since the start of the crisis, according to seasonally adjusted data," Yannis Stournaras said, as quoted by the news agency. "For the first time, we are estimating that GDP expanded quarter-on-quarter."
"Indicators are showing a trend in the Greek economy, towards a smaller recession and slowly towards recovery," he added.
Speaking to Reuters earlier on Thursday, Stournaras confirmed that he expects the Greek economy to decline by about 3.8% in the full year, less than a previously estimated 4.2% contraction.