Exports boosting growth of Greek economy

# exports # economy

Share to

Exports boosting growth of Greek economy

Source：foodmate

Publish time：2018-07-20

A report on the Greek economy released by the European Commission says that it has begun to boom in the first quarter of 2018.

A report on the Greek economy released by the European Commission says that it has begun to boom in the first quarter of 2018. Real GDP growth in the country reached 0.8% in the said period. Growth stemmed from both exports (mainly agricultural products) and from declining imports.

For the rest of 2018, export rates are expected to be lower, although they will still move in a positive direction. Prospects also point to increases in the demand and import of goods.

The GDP is projected to reach 1.9% in 2018 and 2.3% in 2019. The key to the growth of the Greek economy will be the increase in foreign investment.

Also, according to EU figures, private investment has increased for the first time since 2016, although its contribution to growth remains low.

The labour market in Greece also continues to improve, according to the Commission. Unemployment fell to 20.1% in March 2018, while employment increased by almost 2% in the first three months of the year. This trend is expected to continue throughout the year.

-----------------------------------------------------------------------------------------------------------------------------------------------

Editors Note:

To apply for becoming a contributor of en-Sjgle.com,

welcome to send your CV and sample works to us,

Email: Julia.Zhang@ubmsinoexpo.com.

- END -

Favorites

Share to

Food Drying Equipment Industry Analysis: Characteristics, Uses and Market Trends

It's about "supermarket fresh"! The new national standard has been implemented →

Content Disclaimer:

All original articles and edited content published on this platform are copyrighted by the platform. Any reproduction or citation must clearly indicate the source: www.sjgle.com. Content marked with “Source: XXX (non-platform)” is reproduced from other media or public sources for the purpose of sharing industry information only. Such content does not represent the views of the platform, and the platform does not guarantee its authenticity or accuracy.