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The Greek economy performs above market expectations in Q3 2016 (+0.5%/+1.5% QoQ/YoY)

The Greek economy performed better than expected in Q3 2016. According to the Hellenic Statistical Authority (EL.STAT.) flash estimates, real GDP growth stood at +0.5%/+1.5% QoQ/YoY in Q3 2016 (seasonally adjusted data) from an upward revised +0.3%/-0.6% QoQ/YoY in Q2 2016. The respective provisional data are scheduled to be published on November 29th 2016.