The growth of the Greek economy in the second quarter of the year was 7.7%, according to the data announced by Hellenic Statistical Authority-ELSTAT
Quarterly GDP growth nearly tripled in the first quarter of 2022 from the fourth quarter of 2021, and in June, tourist arrivals reached 89% of the record 2019 level, while revenue surpassed that of 2019. Estimates by international analysts place this year’s growth at 5%-6% from initial estimates of 3%-4%.
Today’s data from ELSTAT is the “key” for the upcoming calculations of the new government package that will be announced at the Thessaloniki International Fair (TIF), also taking into account the revenue collections during the last two months. At the same time, it is estimated that inflation recorded a further small de-escalation in August, as on Friday September 9 there will be announcements from the Hellenic Statistical Authority (ELSTAT) about its level, which, barring the unexpected, will de-escalate to 11% for the second month in a row.
The available non-seasonally adjusted data indicate that in the 2nd quarter of 2022 the Gross Domestic Product (GDP) in volume terms increased by 7.8% in comparison with the 2nd quarter of 2021. It is noted that the data of this Press Release for the 2nd quarter of 2022 reflect the impact on GDP of the gradual lifting of restrictive measures that were put into place to mitigate the COVID-19 pandemic.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Hate and Fear: The Magdeburg Tragedy and its Political Fallout
Security agencies appear overwhelmed, lacking clear criteria for identifying threats. The Magdeburg attack is a catastrophe for an already unsettled country.
PM Mitsotakis Discusses EU Defense, Security at North-South Summit
Hosted in Lapland, Finland, which shares a 1,300 km border with Russia, the summit brought together South and North European leaders to discuss security, defense, and migration
Surge in Investment and Soaring Housing Prices Across Greece
Greek housing prices have climbed sharply, recovering to 2011 levels and edging closer to their 2007 peak.
Greek Kiosks are Dying Out
The iconic Greek kiosk is dying out, and the empty shells remain to remind us of an urban everyday life that no longer exists.
Property Website: Athens-Area Residences Sold Within 6 Months, on Average
Data presented by the platform also shows higher prices in first 3 quarters of 2024
Bank of Greece Hails Economic Progress but Warns Stronger Growth Needed
Today's Bank of Greece Interim Report on Monetary Policy depicts a healthy economy, but warns that stronger growth is needed to fully overcome the economic crisis
Greek Christmas Dinner Costs Surges in 2024
The estimated cost for this year’s Christmas dinner (serving 6-8 people) ranges from 107.54 euros to 148.89 euros
Attica Bank to Eliminate Fees on More Banking Transactions
Attica Bank emphasized that these changes reflect its commitment to providing competitive and high-quality services
Cash Still Reigns in Greece Despite Surge in Electronic Payments
However, the ECB has expressed its opposition regarding legislative efforts by member states to restrict cash usage as a means of combating tax evasion.
Minister: Tourism Revenues in Greece to Hit €22 Billion in 2024
Sustainable development, investments, new offerings, upgraded training at the core of Greece's tourism strategy.
