The Greek economy contracted less than previously estimated in the fourth quarter of 2012, the latest figures from the Hellenic Statistical Authority showed Monday.
The gross domestic product fell 5.7 percent year-on-year in the fourth quarter compared to 6 percent contraction estimated previously. This followed a 6.7 percent decline in the third quarter.
Total final consumption expenditure recorded a decrease of 9 percent annually while gross fixed capital formation decreased 10.3 percent.
However, external trade deficit dropped 17.5 percent, contributing positively to the GDP. Exports were down 4.8 percent year-on-year and imports fell 8.1 percent.
by RTT Staff Writer
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