The Greek economy contracted more than initially estimated in the first quarter of 2013, final report from the Hellenic Statistical Authority showed Friday.
The gross domestic product fell 5.6 percent year-on-year in the first quarter, compared with the flash estimate of 5.3 percent decrease.
Total final consumption expenditure fell 8.3 percent year-on-year during the period. Gross fixed capital formation plunged 11.4 percent.
At the same time, external trade deficit decreased 22.9 percent over the year, contributing positively to GDP. Exports fell 2.6 percent and imports dropped 7.8 percent.
The economy is in its sixth year of recession. The International Monetary Fund forecasts Greek economy to contract 4.2 percent in 2013 after shrinking 6.4 percent in 2012.
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