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July 2006 - The Greek economy grew by 4.1 percent in the
first quarter of 2006 compared with the same period in 2005, the European
Unions statistics agency Eurostat said in Brussels on Wednesday. The average
growth rate in the Eurozone was 2.0 percent while in the EU 25 reached 2.2
percent.
Based on available figures, Greek economic growth was 2.8 percent in the
first quarter of 2006 compared to the fourth quarter in 2005 and, together with
Latvias, is the highest among the member states for which there are available
data, followed by the Czech Republic and Estonia with 2.0 percent. During the
same period of time, an increase of 0.6 percent was recorded in the Eurozone
countries while GDP growth in the EU 25 was 0.7 percent.
Meanwhile, domestic demand in Greece in the first quarter of 2006 rose 2.9
percent (+0.3 percent in the Eurozone and +0.5 percent in the EU 25) compared
to the same period in 2005. Greek exports dropped 8.5 percent (+3.8 percent in
the Eurozone and +3.9 percent in the EU 25) while Greek imports declined 4.7
percent (+2.9 percent in the Eurozone and +3.3 percent in the EU 25).
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