Greece’s economy contracted by an annual 11.7% in the third quarter of 2020 – the sharpest decline among EU member states in Southeast Europe (SEE), the EU’s statistical office said.
Compared to the previous quarter, Greece’s gross domestic product (GDP) rose by 2.3%, however, this was the lowest increase among EU-27, Eurostat said in a statement earlier this week.
Croatia’s GDP fell 10% year-on-year in the July-September period of 2020, well below the EU average of 4.2% contraction. The country reported a 6.9% increase in GDP on a quarterly comparison basis.
Romania followed with a contraction of 6% on an annual comparison basis and a 5.6% increase compared to the second quarter of this year.
Bulgaria’s third-quarter GDP shrank by 5.2% compared to the same period of 2019 and added 4.3% compared to the second quarter of 2020.
Slovenia’s economy contracted the least on an annual comparison basis in the third quarter among EU member states in SEE – by 2.9%. At the same time, the country saw its GDP grow by 12.4% quarter-on-quarter.
