The National Bank of Greece announced in a report on Wednesday that “it is the first time in 11 years that economic activity has increased three quarters in a row,” and the trend could be can be “explained by strong business activity and an inventory replenishment by Greek businesses” in view of the higher-than-initially-expected demand in the first semester and strong orders for the second half of 2017.
The Greek lender, according to ANA, notes that goods and services recorded a strong expansion of 7.8% year on year in the third quarter of 2017, receiving considerable support from healthy tourism activity and accelerating GDP growth in the euro area.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
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