Greece Q2 GDP Hits 1-Year High

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Greece’s economy expanded by 0.6% quarter-on-quarter in the second quarter of 2025, following an upwardly revised 0.1% growth in the previous quarter. This marked the strongest economic expansion since Q2 2024, primarily driven by a positive contribution from net external demand, as exports rebounded (1.3% vs -0.6% in Q1) while imports declined (-0.9% vs 0.4%). At the same time, gross fixed capital formation recovered sharply (7.4% vs -5%). However, final consumption expenditure slightly weighed on overall GDP (-0.1% vs 1.1%), as household consumption fell (-0.2% vs 1.2%) despite a rebound in government spending (2.4% vs -1.8%). On an annual basis, Greece’s GDP grew by 1.7% in Q2 2025, slightly below the downwardly revised 1.8% growth recorded in the previous quarter.

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