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Athens Macedonian News Agency: News in English, 14-06-06

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] DIMAR leader: Citizens hold the country's future in their hands
  • [02] Greek GDP revised upwards in Q1

  • [01] DIMAR leader: Citizens hold the country's future in their hands

    ANA/MPA--"The Greeks with their vote are holding the country course in their hands" said Democratic Left (DIMAR) leader Fotis Kouvelis after voting on Sunday in Athens for the euroelections and for the second round of the local administration elections.

    "With responsibility and sense along with the dream and hope decide on the course of the country ".

    [02] Greek GDP revised upwards in Q1

    Greece on Friday revised upwards its estimates over the country's GDP in the first quarter to -0.9 pct, from an initial estimate of -1.1 pct, raising expectations of a faster-than-expected exit from a six-year recession.

    The Hellenic Statistical Authority, in a report, attributed this development to better export-import figures in March and rising turnover index in the services setor and employment trends on a quarterly basis. The statistics service also said that domestic consumption returned to positive ground for teh first time, while the rate of decline of private investments slowed further.

    Finance ministry officials told ANA-MPA that an expected boom in tourist arrivals in the country during the summer months was expected to contribute significantly to the Greek GDP.

    The country's Gross Domestic Product fell by 0.9 pct in the first quarter, after a 6.0 pct drop in the same period last year and a 7.8 pct plunge in the same period in 2012. Total consumption spending rose 0.8 pct in the January-March period (household consumption rose 0.7 pct after falling by 8.7 pct last year) while the general government's consumption spending grew by 1.2 pct. Gross fixed capital investments fell by 7.9 pct in the first three months of the year, after falling by 11.4 pct in 2013. Exports of goods and services grew 5.4 pct in the first quarter, while imports rose 2.2 pct over the same period.

    The country's GDP fell to 41.272 billion euros (current prices), the lowest first quarter figure since 2005.


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