ECONOMY

Greek economy contracts 0.9 pct in third quarter

greek-economy-contracts-0-9-pct-in-third-quarter

Greece’s state statistics agency on Friday drastically revised downwards the economy's third-quarter contraction to 0.9 percent, from 0.5 percent previously.

“These differences are on account of using new data, not available at the time of the flash estimate,” the ELSTAT agency said, citing a mixture of September balance of payments data, service turnover and jobless figures as factors for the downturn.

[AFP]