External Sector Negatively Contributes to Nominal GDP in Q3-2016

Overview

• The current account balance posted a decline of -€378.51 million in August 2016, according to the Bank of Greece.
• The balance of goods and services fell by -€1.02 billion, mostly during July-August 2016.
• Net exports contributed -1.48% and -1.12% to the nominal and real economic growth rate respectively for the period April-June 2016.

Detailed insight