Economics
Greek Investment Surge Helps Economy Just About Avoid Stagnation
- GDP increased 0.1 percent in 4Q, down from 0.4% in 3Q
- Economy recorded only second full-year growth in a decade
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Greek economic growth slowed in the fourth quarter, with a long-awaited surge in investment ensuring the country just managed to avoid stagnation.
Gross domestic product rose 0.1 percent, down from a revised 0.4 percent in the previous quarter, the Hellenic Statistical Authority said Monday. The economy grew 1.4 percent in 2017, marking only its second full-year expansion for a decade.