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Hellenic Economy Decreased by 1.1%

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In 2014's first quarter, the Hellenic economy decreased by 1.1%, on a 12-month timeline, as reported by ELSTAT today.

The agency stated of the seasonly unaltered statistic: "...decreased by 1.1 percent in comparison with the first quarter of 2013". Last year's same time period felt a 3.86% decrease, according to the study. The Finance Ministry has predicted that the economy will grow by 0.6% this year, which marks its first enlargement since 2008.

Major Hellenic banks are warning that government stability is required to preserve the delicate financial recovery of the nation. The cautionary comments precede complicated local election issues in the following weeks.

According to Kathimerini, a new VPRC European Parliament opinion poll released today determined SYRIZA's 3% lead over New Democracy. SYRIZA leader Alexis Tsprias held 16.7% and New Democracy Prime Minister Antonis Samaras generated 13.7%, of the votes.