Greek Output Sinks 7 Percent In Last 2011 Quarter


Salon Staff
February 14, 2012 3:54PM (UTC)

ATHENS, Greece (AP) — Greece' gross domestic product decreased by 7 percent on the year in the fourth quarter of 2011.

The Greek Statistical Authority on Tuesday said the figure was not seasonally adjusted.

Greece's economy has in decline since late 2008, with successive quarterly contractions since then, with the exception of the first quarter of 2010.

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