The Greek economy grew by 2.8% in the third quarter of the year compared with the same period in 2021 but fell by 0.5% on a quarterly basis compared with the second quarter, Hellenic Statistical Authority said on Wednesday, ANA reports.
More specifically, on a quarterly basis, the country’s Gross Domestic Product fell 0.5% in the third quarter after rising by 2.2% in the first quarter and by 0.6% in the second quarter. The statistics service attributed the third quarter reading to the negative effects of significant subsidies on energy products, which counterbalanced an increase in gross added value.
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
