The Greek economy contracted slightly more than estimated in the second quarter, revised data from the Hellenic Statistical Authority showed Monday.
Gross domestic product, or GDP, declined 0.3 percent year-on-year in the second quarter of 2014, revised from the 0.2 percent decrease estimated on August 13.
Nonetheless, this was the slowest rate of decrease since the third quarter of 2008, when the economy contracted 0.1 percent, marking the start of the severe recession. In the first quarter of 2014, GDP declined 1.1 percent.
The expenditure-side breakdown of data showed that total final consumption expenditure remained flat from last year, while investment declined 0.8 percent. Exports grew 5.3 percent and imports advanced 4.6 percent.
For comments and feedback: editorial@rttnews.com