The Greek national statistical authority (ELSTAT) has revised growth estimates for the Greek economy on Friday, positively surprising markets.

As data for June came in, it became clear that growth for the second quarter of 2015 was “galloping” – for an economy that has contracted by 27% since 2009 – at one 1,6% rather than the originally estimated 1,4%.

Greece made positive headlines when announcing on August 13 preliminary results on GDP growth.  It is now estimated that the Greek GDP sur...


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