Greek economy shrinks 1.2 percent q/q in fourth quarter, more than estimated

6 March 2017
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Greece’s economy contracted by 1.2 percent in October-to-December compared to the third quarter, statistics service (ELSTAT) said on Monday, revising its previous flash estimate of a 0.4 percent decline.

The seasonally adjusted data showed the economy shrank at an annual 1.1 percent pace in the fourth quarter versus a previous flash estimate in February of 0.3 percent growth.

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