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Saturday, September 7, 2013

Big Tourism Bucks Slow Recession

With summer ending it won’t last long, but Greece’s record-breaking tourist year has put the brakes on a runaway recession – without stopping it. According to the country’s statistical agency ELSTAT, the economy shrank 3.8 percent during the second quarter, 0.8 percent less than expected. This difference is attributed to data not available in the original evaluation, such ...

READ THE ORIGINAL POST AT www.greekherald.com