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Greek Economy Contracted Less than Estimated

elstat_390_1511Greek economy contracted less in the last three months of 2012 than initially estimated, according to Greek statistical agency.
Greek gross domestic product shrank 5.7% October through December, compared with the same period in 2011.
Last month ELSTAT estimated a fourth-quarter contraction of 6%.
The decline was the smallest since a 4% drop in the third quarter of 2011 and compares with a 6.7% year-on-year fall in the third quarter of last year.
(source: ELSTAT, Capital)

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