Greece slips into recession with GDP down 0. 2 pct in Q1

(AGI) Athens, May 29 - Greece's GDP fell 0.2 percent in thefirst quarter of this year, as predicted in the preliminaryestimates. This means that its economy has slipped back intorecession after a brief recovery in 2014 which interrupted sixconsecutive years of recession. The political instability thatfollowed the outcome of early elections contributed to thecountry's economic uncertainty. In the fourth quarter of 2014,the GDP had already dropped by 0.4 percent from the previousquarter. On a year-on-year basis, the GDP fell 0.4 percentduring the first quarter of 2015, compared the the 0.3 percent

(AGI) Athens, May 29 - Greece's GDP fell 0.2 percent in thefirst quarter of this year, as predicted in the preliminaryestimates. This means that its economy has slipped back intorecession after a brief recovery in 2014 which interrupted sixconsecutive years of recession. The political instability thatfollowed the outcome of early elections contributed to thecountry's economic uncertainty. In the fourth quarter of 2014,the GDP had already dropped by 0.4 percent from the previousquarter. On a year-on-year basis, the GDP fell 0.4 percentduring the first quarter of 2015, compared the the 0.3 percentdrop forecast in the preliminary estimates and the 1.3 percentrise recorded in the fourth quarter of 2014. (AGI) . .