Greek economy shrinks in first quarter, hurt by bailout review uncertainty

Click For Larger Image & Read More
Greek economy shrinks in first quarter, hurt by...
 © BusinessMail 2017
By George Georgiopoulos

Greece’s economy contracted in the first three months of the year but less than in the final quarter of 2016, flash estimates by its statistics service showed on Monday, as jitters over the conclusion of a bailout review hurt business confidence.

The data showed the economy shrank 0.1 percent in January-to-March compared to last year’s final quarter when gross domestic product contracted by 1.2 percent.

The seasonally adjusted data also showed that the Greek economy contracted at an annual 0.5 percent pace in the first quarter, at a slower...


Greek economy shrinks in first quarter, hurt by bailout review uncertainty


The contents of this article including any associated images are © BusinessMail 2017

Advertise Here

Trending Cyprus News

Article Tags: greek, economy, shrinks, first, quarter, bailout, review, uncertainty,

 

Advertise Here

24hr News