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Greek Economy Returns to Recession After Shrinking in Fourth Quarter

  • GDP falls 0.6 percent in fourth quarter, second straight drop
  • Return of country's economic slump ends recovery of 2014
Farmers clash with police in front of the Agriculture ministry in Athens, on Feb. 12, 2016.

Farmers clash with police in front of the Agriculture ministry in Athens, on Feb. 12, 2016.

Photographer: Ayhan Mehmet/Anadolu Agency/Getty Images

Greece entered a recession in the fourth quarter, ending a turbulent year with its economy back in the doldrums.

Gross domestic product contracted 0.6 percent in the three months through December after shrinking a revised 1.4 percent in the previous quarter, the Hellenic Statistical Authority said in an e-mailed statement on Friday. The median estimate in a Bloomberg survey was for a 0.8 percent drop.