Mar 08

Greek economy suffers setback ending 2016 worse than expected:

 After two straight quarters of growth Greece’s economy contracted from October to December, marking the worst quarterly performance since the height of the country’s debt crisis in the summer of 2015.

The latest data from the country’s statistical service Elstat revealed the economy had shrunk 1.2 percent in the final quarter of last year which is three times more than the estimated 0.4 percent.

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