{"id":4335,"date":"2025-09-05T18:58:10","date_gmt":"2025-09-05T18:58:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/4335\/"},"modified":"2025-09-05T18:58:10","modified_gmt":"2025-09-05T18:58:10","slug":"growth-rate-slowed-down-in-the-second-quarter","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/4335\/","title":{"rendered":"Growth rate slowed down in the second quarter"},"content":{"rendered":"

\"Growth<\/p>\n

National Economy and Finance Minister Kyriakos PIerrakakis [InTime News].<\/p>\n

The Greek economy grew at a rate of 1.7% in the second quarter, on an annual basis, compared to a growth of 2.2% in the first quarter of the year, according to the figures the Hellenic Statistical Authority (ELSTAT) released on Friday.<\/p>\n

That means the average growth rate of the year\u2019s first half barely reached 2% on annual basis, although the government speaks of a 2.3% growth rate in the current period.<\/p>\n

ELSTAT data also show growth of 0.6% on a quarterly basis in the April-June period.<\/p>\n

According to the statistical service, consumption is slowing down, showing an increase of just 1% on an annual basis and a decrease of 0.1% compared to the previous quarter. However, investments are showing high rates, with an increase of 6.5% on an annual basis and 7.4% compared to the previous quarter.<\/p>\n

Exports of goods are on a downward trajectory, although exports of services continue to rise, due to tourism. Exports increased by 1.9% compared to the second quarter of 2024: Exports of goods decreased by 1.1%, while exports of services increased by 3.9%.<\/p>\n

Addressing an Economist event in Thessaloniki on Friday, National Economy and Finance Minister Kyriakos PIerrakakis stated that the Greek economy is currently growing at an annual rate of 2.3% that is far above most other European economies.<\/p>\n

\u201cOf course we can do better, we will make more reforms. The world wants more from us,\u201d and reforms \u201care the only way to move forward,\u201d the minister said.<\/p>\n","protected":false},"excerpt":{"rendered":"National Economy and Finance Minister Kyriakos PIerrakakis [InTime News]. The Greek economy grew at a rate of 1.7%…\n","protected":false},"author":2,"featured_media":4336,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-4335","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/4335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=4335"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/4335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/4336"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=4335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=4335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=4335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}