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’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>
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