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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.