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Tuesday, August 13, 2013

Greece Recession Eases As Government Eyes 2013 Budget Surplus

While the contraction in Q2 marked a 20th consecutive quarterly decline, officials say it was an improvement from the first quarter of 2013, when the economy contracted 5.6 percent compared with a year earlier.





Greece’s economy shrank by 4.6 percent on an annual basis in the second quarter, marking a gradual deceleration of the country’s longest recorded recession, while the government reported a surplus for the first seven months of the year, official data showed on Monday.






<p>Greece&rsquo;s economy shrank by 4.6 percent on an annual basis in the second quarter, marking a gradual deceleration of the country&rsquo;s longest recorded recession, while the government reported a surplus for the first seven months of the year, official data showed on Monday.&nbsp;</p>



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READ THE ORIGINAL POST AT www.economywatch.com