Bloomberg News

Greek Third Quarter GDP Shrank 5 Percent From a Year Earlier

December 09, 2011

Dec. 9 (Bloomberg) -- Greece’s economy shrank 5 percent in the third quarter of 2011 from the same period a year earlier, the Athens-based Hellenic Statistical Authority said in an e- mailed statement today.

The figure, which is based on available non-seasonally adjusted data, is lower than a Nov. 15 preliminary estimate of a 5.2 percent contraction in the third quarter, the authority said. The agency didn’t provide a seasonally-adjusted figure.

To contact the reporter on this story: Marcus Bensasson in Athens at mbensasson@bloomberg.net

To contact the editor responsible for this story: Tom Stoukas at astoukas@bloomberg.net


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