Greek economy grows 0.1 percent quarter-on-quarter in fourth quarter

Greece’s economy expanded by 0.1 percent in last year’s final quarter versus a previously estimated 0.6 contraction, data by the country’s statistics service ELSTAT showed on Monday.

The data showed the 173 billion euro economy shrank at an annual 0.8 percent pace in the fourth quarter, at a slower clip than a previous -1.9 percent flash estimate.

A previously reported 1.4 percent contraction in the third quarter was upwardly revised to -1.2 percent after updated government data, ELSTAT said.