Greek Second-Quarter GDP Contracted Less Than Initial Estimate
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Greece’s economy contracted the least in three years in the second quarter, beating an initial estimate on an improved performance in trade and tourism.
Gross domestic product fell a revised 3.8 percent from a year earlier, compared with a 5.6 percent drop in the first quarter, according to an e-mailed statement from the Athens-based Hellenic Statistical Authority. The drop, which is the 20th successive quarter of contraction, is less than an Aug. 12 initial estimate of 4.6 percent.