Greece posts best Q2 growth rate in decade

6 September, 2019 12:00 AM printer

ATHENS: Greece's economic growth rate rebounded to 1.9 percent on an annual basis in the second quarter of the year, the Hellenic Statistical Authority (ELSTAT) reported on Wednesday.

It followed a revised 1.1 percent annual rate in the year's first quarter, reports Xinhua.

The April-June annual growth pace is the highest for the year's second quarter since the outbreak of the Greek crisis in 2009.

On a quarterly basis, the Greek economy augmented 0.8 percent in Q2 from the January-March period.

The data further showed an annual second-quarter increase of 1.2 percent in consumer expenditure. Fixed capital investments posted a yearly decline of 5.8 percent.