April retail sales fall 14.2 percent as recession bites

Greek retail sales by volume fell 14.2 percent year-on-year in April after a revised 5.9 percent drop in the previous month, statistics service ELSTAT said on Friday.Austerity measures imposed by the debt-laden country's foreign lenders and record unemployment have hurt private consumption, the main driver of its economy.Retail sales by volume fell 12 percent in 2012, bringing the ...

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