Kathimerini | Greek recession shallower than initially forecast in Q4 2012, reaches 5.7 percent Fox News Greek recession shallower than initially forecast in Q4 2012, reaches 5.7 percent. Published March 11, 2013. Associated Press. ATHENS, Greece – Updated official data show Greece's economy shrank at a slightly slower pace than initially forecast in the ... Greek economy shrank by 5.7% in 4th quarter last year, by 6.4% for whole of 2012 TABLE-Greek Q4 2012 GDP slump revised to -5.7 pct y/y Greek economy contracted less than estimated |