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Q4 2014 GDP data reveal positive real consumption growth, strong improvement in investment dynamics

Greece Focus Notes

27 Φεβρουαρίου 2015
Greece’s stats agency (EL.STAT.) released updated national accounts data for Q4 2014. The data revealed that real GDP grew by 0.7% in 2014 (i.e., a tad faster than the official forecast of +0.6%), after contacting by 4.0% in the prior year. Respective GDP deflator readings were -2.6% in 2014 and -2.3% in 2013. In the fourth quarter of last year, seasonally-adjusted (s.a.) real GDP recorded QoQ growth of -0.4%, discontinuing a stream of positive readings over the prior three quarters.
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