Hellenic Fiscal Council quarterly report out – Greek GDP rose in real terms

The Greek GDP rose in real terms for the second quarter in a row, according to the quarterly report of the Hellenic Fiscal Council released on Monday.

Real GDP in the first quarter of 2019 rose 1.3 pct compared to the same quarter in 2018, the report said, and unemployment numbers improved, including the seasonally adjusted unemployment rate, which dropped by two decimal points to 18.1 pct.

Although the economic climate index improved the last month, the Council expressed concert for the widening of the current account deficit. The primary surplus for the general government was lower, and the creation of new outstanding debts to the state dropped, while Greek government bond yields were at historically low levels.