Greek real GDP estimated to have increased by around 1.0%YoY in Q3 2014 (ESA 95 terms)
Greece Focus Notes
22 October 2014
This note presents a preliminary estimate of Greek GDP for the third quarter of this year, based on a range of monthly data released up to October 17, 2014. Our Nowcasting model produces high frequency, real-time estimates of Greece’s gross domestic product by applying an econometric methodology that can properly handle data reporting lags, revisions and other important aspects characterizing the daily flow of macroeconomic information. Our mid-point estimate of real output growth in Q3 is for a switch into a positive territory, to c. 1.0% ΥοΥ, from -0.3%YoY in Q2 and -1.1%YoY in the first quarter of 2014.