Greek Economy Shrank in First Quarter as Investment Fell
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Greece’s economy contracted for an 19th straight quarter in the first three months of this year as consumption and investment declined.
Gross domestic product fell a revised 5.6 percent from a year earlier, compared with a 5.7 percent drop in the fourth quarter, according to an e-mailed statement from the Athens-based Hellenic Statistical Authority. The drop is more than a May 15 initial estimate of 5.3 percent.