First-quarter growth comes to 2.1%

The Greek economy registered strong growth of 2.1% in the first quarter on an annual basis, while the government has set the target for the whole of 2024 at 2.5% and the European Commission estimates growth at 2.2%.

Acording to the figures the Hellenic Statistical Authority (ELSTAT) released on Friday, total final consumer spending increased by 1.1% year-on-year, the gross fixed capital investment increased by 2.9% and exports of goods and services decreased by 5.7%

Based on the available seasonally adjusted data, the Gross Domestic Product (GDP) in volume terms in January-March 2024 showed an increase of 0.7%, compared to the last quarter of 2023, while compared to the first quarter of 2023 it showed an increase of 2.1%.

Based on non-seasonally adjusted data, the Gross Domestic Product (GDP) in volume terms, during the first quarter of 2024 showed an increase...