Greek GDP shrinks 0.2 pct in Q2‏

The Greek economy contracted by 0.2 pct in the second quarter of 2014, according to the Hellenic Statistical Authority, at its slowest pace since the third quarter of 2008.

ELSTAT said that non-seasonally adjusted data indicate that in the second quarter of the year the Gross Domestic Product (GDP) in volume terms decreased by 0.2 percent compared with the year-ago period.

It added that Q1 GDP data have been revised (to -1.1 pct from -0.9 pct) due to the incorporation of new short-term statistics (Revision of Industrial Production Index, availability of Producer Price Indices for Services) and updated quarterly data for General Government.