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Greek economy contracts more than first thought: official data

Friday, February 27, 2015 - 19:11

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Greece's troubled economy contracted by 0.4 per cent in the fourth quarter of 2014 instead of the 0.2-per cent figure given earlier this month, the state statistics agency said on Friday.

[ATHENS] Greece's troubled economy contracted by 0.4 per cent in the fourth quarter of 2014 instead of the 0.2-per cent figure given earlier this month, the state statistics agency said on Friday.

"Available seasonally adjusted data indicate that in the fourth quarter of 2014 the gross domestic product in volume terms decreased by 0.4 per cent compared with the third quarter of 2014 against the decrease of 0.2 per cent that was calculated for the flash estimate," the agency said.

AFP

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