Third-quarter GDP data beat expectations
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,