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Investments and exports boosted Greek economic growth in 2017

Investments and exports boosted Greek economic growth in 2017

ATHENS: A rise in investments and exports of goods and services contributed to Greece’s economic growth rate of 1.4 pct last year, the European Central Bank said in its annual report for 2017, according to ANA.

The ECB report noted that gross investments rose 15.7 pct in 2017, compared with a 3.7 pct increase in the Eurozone, while exports grew 6.9 pct (4.9 pct in the Eurozone).

ECB also pointed out that the yield spread between regional Eurozone countries such as Portugal and Greece compared with the German Bund fell in 2017, reflecting an improvement in these countries’ credit ratings.