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.

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