Greece posts best Q2 growth rate in decade

Source: Xinhua | 2019-09-05

Greece's economic growth rate rebounded to 1.9 percent on an annual basis in the second quarter of the year, the Hellenic Statistical Authority (ELSTAT) reported on Wednesday.
It followed a revised 1.1 percent annual rate in the year's first quarter.
The April-June annual growth pace is the highest for the year's second quarter since the outbreak of the Greek crisis in 2009.
On a quarterly basis, the Greek economy augmented 0.8 percent in Q2 from the January-March period.
The data further showed an annual second-quarter increase of 1.2 percent in consumer expenditure. Fixed capital investments posted a yearly decline of 5.8 percent.
Exports of goods grew 4 percent in volume terms and exports of services expanded 6.9 percent year-on-year. Product imports rose 3.9 percent and service imports increased 2.8 percent.
Greece's new government, voted into office in July, aspires to boost the country's growth to 4 percent from next year.