The Greek economy continued to contract in the first quarter of 2013, the flash estimate from the Hellenic Statistical Authority showed Wednesday.
Gross domestic product was down 5.3 percent year-on-year, in line with economists' expectations. The economy has remained in recession since late 2008.
However, the latest rate of decline was slower than the 5.7 percent drop registered in the fourth quarter of 2012 and it was the smallest fall since the third quarter of 2011.
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December 12, 2025 15:14 ET Central bank decisions dominated the economic news flow this week led by the Federal Reserve. Trade data from the U.S. also gained attention. The Canadian and Swiss central banks also announced their interest rate decisions. Inflation data from China was in focus as the country released the latest consumer price and producer price data.