Econintersect: It is one of the biggest WTF events in recent memory! The country that has been devastated by half a year of crippling debate over what to do about the country’s unsustainable debt has seen its GDP grow in the second quarter. The Hellenic Statistical Authority in Athens said gross domestic product rose 0.8%, as it also revised up its estimate for the first quarter to show stagnation (no growth).
Source:
- Greek Economy Unexpectedly Expanded 0.8% in Second Quarter (Fergal O’Brien, Bloomberg Business, 13 August 2015)