Οfficial figures for Greece's Q2 2016 GDP were announced today. The Greek economy contracted by 0,95% compared to Q2 2015. Here's the official announcement.
The only GDP component that grew when compared with Q2 2015 was Gross Capital Formation.
If we try to analyze GDP's components, the ones preventing a larger GDP decrease were Gross Capital Formation and Imports (which continued to slide).
|source: ELSTAT, own calculations|
One has to remark on the household final consumption's accelerating slide and on the continued slump in exports, a slump that started since the imposition of capital controls.
To wrap this up, Greek GDP continues its stay in no man's land with the tax-raising policy picked by the government not bearing much fruit and seemingly pushing an increasing part of the economy in the grey area.