Greece has recorded the highest growth rate among Eurozone member-states in the third quarter of 2014, according to a Eurostat report released on November 14. Eurostat data show that the Greek economy grew by 0.7 % compared with the second quarter of the year, and 1,4% compared with the same quarter of the previous year.

Overall, seasonally adjusted GDP rose by 0.2% in the euro area (EA18) and by 0.3% in the EU281 during the third quarter of 2014, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the second quarter of 2014, GDP grew by 0.1% in the euro area and by 0.2% in the EU28.

Moreover, according to seasonally adjusted data released by the Hellenic Statistical Authority, the Gross Domestic Product (GDP), in the 3rd quarter of 2014 increased by 0.7% in comparison with the 2nd Quarter of 2014. In a televised message, Prime Minister Antonis Samaras promised that growth would continue at an even faster pace and pledged that Greece would exit the tunnel of recession.