Home Business Greek economy shrinks 0.5% q/q in Q3 By Reuters

Greek economy shrinks 0.5% q/q in Q3 By Reuters

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Greek economy shrinks 0.5% q/q in Q3 By Reuters

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© Reuters. FILE PHOTO: People sit in a cafe in central Athens, Greece, September 3, 2020. REUTERS/Alkis Konstantinidis

ATHENS (Reuters) – Greece’s economy shrank in July-to-September compared to the second quarter, the country’s statistics service (ELSTAT) said on Wednesday.

Seasonally adjusted data showed gross domestic product dropped by 0.5% in the third quarter from a downwardly revised 0.6% growth rate in the previous quarter.

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