Third-quar­ter GDP data beat ex­pec­ta­tions

Kathimerini English - - Focus -

Greece’s econ­omy ex­panded for the sec­ond quar­ter in a row and by more than an­a­lysts had ex­pected be­tween July and Septem­ber, statis­tics ser­vice data showed yes­ter­day, bod­ing well for a stronger re­cov­ery next year fol­low­ing a pro­tracted re­ces­sion. The flash es­ti­mates showed a 0.5 per­cent ex­pan­sion in the third quar­ter, com­pared with gross do-

In line with OTE Group’s strat­egy to use a com­mon brand name for all its com­mu­ni­ca­tion and en­ter­tain­ment prod­ucts, OTE TV – Greece’s lead­ing pay-TV plat­form with over 479,000 sub­scribers at end-Septem­ber – is be­ing re­named Cos­mote TV, with new lo­gos and an up­dated ser­vices menu. mes­tic prod­uct growth of an up­wardly re­vised 0.3 per­cent in the sec­ond quar­ter. The sea­son­ally ad­justed data showed an­nual growth of 1.5 per­cent, much faster than in the April-June quar­ter when the econ­omy shrank by an up­wardly re­vised 0.6 per­cent. “The read­ings were clearly above mar­ket ex­pec­ta­tions, point­ing to a slightly pos­i­tive print for the full year,” Eurobank’s chief econ­o­mist Pla­ton Monokrous­sos said. “We ex­pect fourth-quar­ter GDP to re­main on a pos­i­tive tra­jec­tory, both on a quar­terly and yearly ba­sis, with our full-year fore­cast now stand­ing at 0.1 per­cent,” he said. The flash es­ti­mates are ex­pected to be re­vised on Novem­ber 29, the statis­tics of­fice said. “The flash read­ings were above fore­casts of around 0.2 per­cent,

Cos­mote TV.

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