Q1 GDP contracts 1.1 pct as Greece eyes growth in 2014

EconomyMacroeconomy Tags: ELSTAT, GDP
Photo by MacroPolis
Photo by MacroPolis

Greek non-seasonally-adjusted GDP contracted 1.1 percent year on year (YoY) in the first quarter (Q1) of 2014 from -2.3 percent in Q4 2013, according to flash estimates published by the Hellenic Statistical Authority (ELSTAT) on Thursday.

A Reuters poll of economists had indicated Q1 GDP would contract by 1.5 percent.

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