Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates

EconomyMacroeconomy Tags: ELSTAT, GDP

Greek non-seasonally-adjusted GDP contracted 2.6 percent in the fourth quarter of 2013, further decelerating from the 3 percent drop posted in the third quarter, according to flash estimates published by the Hellenic Statistical Authority (ELSTAT) on Friday.

The released GDP data indicates that the recession reached 3.7 percent in 2013, which was slightly better than the latest Greek government and troika forecasts for a 4-percent contraction.

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