Greece: Economy contracts at softest pace in over three years

In the third quarter, GDP contracted 3.0% over the same period last year, according to an advance estimate released by the Hellenic Statistical Authority (EL.STAT) on 14 November. The decline marks the softest contraction since Q2 2010 and represents an improvement over the 3.7% decrease recorded in the second quarter. In addition, the result was slightly above the 3.1% contraction the markets had expected.

Read more about Greek GDP.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s