Greek economy contracts 0.9 pct in Q1, slowest pace since Q1 2010

EconomyMacroeconomy Tags: ELSTAT, GDP

Greek non-seasonally-adjusted GDP contracted 0.9 percent year on year (YoY) in the first quarter of 2014 from -2.3 percent in Q4 2013, according to the provisional data published by the Hellenic Statistical Authority (ELSTAT) today.

Today’s headline figure is 0.2 percentage points better than the flash estimate of -1.1 percent released on May 15.

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