PM Samaras: Greece is returning to growth

Greece is returning to growth, Prime Minister Antonis Samaras said in a televised statement on Friday after the announcement of GDP growth figures of 1.7 pct in the 3rd quarter of 2014 by Greece’s independent statistical authority ELSTAT. The prime minister promised that growth will continue and include all Greeks.

The prime minister’s full statement was as follows:
“We promised you that the country would exit the tunnel of the great recession. This is now reality. The return of the Greek economy to growth is a fact!

Based on the latest ELSTAT figures, the recovery has already begun for the Greek economy. And, indeed, at a greater rate than even the most optimistic had expected.

Truly, in the third quarter of this year the economy grew at an annual rate of 1.7 pct, after six painful years, or 24 trimesters, of recession. It is the fastest growth rate for this trimester for the entire Euro zone. And as is now revealed, the previous trimester of the year was also slightly upward.

All those, therefore, that doubted a recovery are triumphantly proved wrong.

I promise you today that the recovery will continue at an even faster pace. This, in any case, are what all international organisations are forecasting. And from the growth that has begun, no Greek will be left behind. In spite of the pessimism on which many were speculating, Greece is returning. Greece is back!”

ELSTAT on Friday published figures showing that the Greek economy grew by 1.7 pct in the third quarter, compared with the same period last year. The statistics service, in a report, said that based on non-seasonal data, the country’s Gross Domestic Product grew by an average 0.6 pct in the nine-month period from January to September and said that the GDP grew 0.7 pct in the third quarter compared with the second quarter of 2014.