Greece: economic growth slows in second quarter
Gross fixed capital formation fell 5.3 percent year-on-year
05 September, 12:11Seasonally adjusted data showed gross domestic product grew 0.2 percent in the second quarter compared with an upwardly revised 0.9 percent in January-to-March.
On an annual basis, Greece's economic expansion decelerated to 1.8 percent in the second quarter from an upwardly revised 2.5 percent in the first quarter.
The data showed that gross fixed capital formation fell 5.3 percent year-on-year in the second quarter, a smaller decline than in the first quarter. On an annual basis, export grew 9.5 percent, outpacing a 4.2 percent rise in imports.
The latest EU Commission forecast sees Greece's economy expanding by 1.9 percent in 2018. The International Monetary Fund projects growth of 2.0 percent. (ANSA).