The Greek economy, although it was shaken strongly, showed resilience in conditions of unprecedented health, social and economic adversity, Finance Minister Christos Staikouras said in comments on the GDP data for Greece released by Hellenic Statistical Authority on Friday, ANA reports.
Staikouras said the GDP contraction rate was less than the forecasts because of the revision of the previous quarter and the good performance in the fourth quarter, which compared with the third quarter of 2020 seemed to be the best performance in Europe.
Greece on Friday announced better-than-expected GDP figures for 2020, with the country’s Gross Domestic Product contracting by 8.2 pct to 168.5 billion euros from 183.6 billion in 2019. Hellenic Statistical Authority, in a report, said that Greek GDP shrank by 7.9 pct in the fourth quarter compared with the same period in 2019, but rose 2.7 pct in comparison with the third quarter of 2020.
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
Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Akasapis
