{"id":11073,"date":"2014-08-24T13:51:25","date_gmt":"2014-08-24T17:51:25","guid":{"rendered":"http:\/\/multiplier-effect.org\/?p=11073"},"modified":"2014-08-25T09:32:51","modified_gmt":"2014-08-25T13:32:51","slug":"last-update-on-greek-gdp","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/last-update-on-greek-gdp\/","title":{"rendered":"Last Update on Greek GDP"},"content":{"rendered":"<p><a href=\"http:\/\/www.statistics.gr\/portal\/page\/portal\/ESYE\" target=\"_blank\">ElStat<\/a>, the Greek statistical institute, has recently published a flash estimate for GDP in the second quarter of 2014. In current euro prices, GDP keeps falling by 2.5% against the same quarter of 2013. We already know many will claim this as a success of the austerity plans, since the fall is now slower than in previous quarters &#8230; but output is still falling.<\/p>\n<p>It is also interesting to note that the flash estimate has also revised GDP in the first quarter of 2014, lowering it by 1% against the previous GDP estimate (see chart). The revision is larger on the current price GDP, against constant price GDP, which implies that the new estimate of the fall in prices is larger than it was.<br \/>\n<a href=\"http:\/\/multiplier-effect.org\/files\/2014\/08\/blog_aug24.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-11074 size-medium\" src=\"http:\/\/multiplier-effect.org\/files\/2014\/08\/blog_aug24-300x218.jpg\" alt=\"GreekGDP2014q2\" width=\"300\" height=\"218\" srcset=\"https:\/\/blogs.bard.edu\/multiplier-effect\/files\/2014\/08\/blog_aug24-300x218.jpg 300w, https:\/\/blogs.bard.edu\/multiplier-effect\/files\/2014\/08\/blog_aug24.jpg 844w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><br \/>\nOur last analysis of the Greek economy is available <a href=\"http:\/\/www.levyinstitute.org\/pubs\/sa_gr_8_14.pdf\" target=\"_blank\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ElStat, the Greek statistical institute, has recently published a flash estimate for GDP in the second quarter of 2014. In current euro prices, GDP keeps falling by 2.5% against the same quarter of 2013. We already know many will claim this as a success of the austerity plans, since the fall is now slower than [&hellip;]<\/p>\n","protected":false},"author":210,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[50,19,23],"class_list":["post-11073","post","type-post","status-publish","format-standard","hentry","category-eurozone-crisis","tag-gdp","tag-greece","tag-recession"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/11073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/210"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=11073"}],"version-history":[{"count":4,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/11073\/revisions"}],"predecessor-version":[{"id":11079,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/11073\/revisions\/11079"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=11073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=11073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=11073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}