{"id":116894,"date":"2025-09-05T18:10:15","date_gmt":"2025-09-05T18:10:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/116894\/"},"modified":"2025-09-05T18:10:15","modified_gmt":"2025-09-05T18:10:15","slug":"growth-rate-slowed-down-in-the-second-quarter","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/116894\/","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":116895,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-116894","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/116894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=116894"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/116894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/116895"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=116894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=116894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=116894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}