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Greek GDP Still Showing Awful Declines

Greek GDP Still Showing Awful Declines

The theme of today is bad GDP reports.

Greece meanwhile continues to be mired in horrible numbers.

From the Hellenic Statistical Authority:

Available non-seasonally-adjusted data indicate that, in the 4th quarter of 2012, the Gross Domestic Product (GDP) at constant prices of year 2005 decreased by 6.0% in comparison with the 4th quarter of 2011.

Here's a chart that tells it all.

image

Greek GDP

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