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Athens News Agency: News in English, 09-11-13
CONTENTS
[01] Econ shrinks 1.6% in Q3
[01] Econ shrinks 1.6% in Q3
BRUSSELS (ANA-MPA / V. Demiris) -- The Greek economy shrank by 1.6 pct
in the third quarter of 2009, compared with the corresponding period
last year, Greeceâs National Statistical Service and Eurostat announced
on Friday.
The Greek statistics service said the countryâs Gross Domestic Product
fell by 0.3 pct in the third quarter compared with the second quarter
of the year, reflecting mainly a decline in investments, construction
activity, exports and private consumption.
The EU executiveâs statistical agency said Eurozone GDP fell by 4.1
pct, while GDP in the EU-27 was down 4.3 pct and in the US GDP fell by
2.3 pct. Eurostat also said that GDP grew by 0.4 pct in the Eurozone
and shrank by 0.2 pct in the third quarter compared with the second
quarter of 2009.
Amelia Torres, a spokeswoman for EU Economic and Monetary Affairs
Commissioner Joaquin Almunia, said that after five consecutive quarters
of negative growth, the EU economy returned to positive growth rates
confirming the European Commission's estimates.
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