Greece's economy contracted for the second straight quarter at the start of 2017, flash data from the Hellenic Statistical Authority showed Monday.
Gross domestic product shrank 0.1 percent sequentially in the first quarter, but slower than the 1.2 percent decline registered a quarter ago.
On a yearly basis, GDP fell 0.5 percent after easing 1.1 percent in the fourth quarter.
The non-seasonally adjusted data showed that GDP decreased 0.3 percent from the previous year versus 1.4 percent decline in the fourth quarter.
The statistical office is slated to publish the revised data on June 2.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.