TABLE-Greek recession eases for fourth consecutive quarter in Q3

Mon Dec 9, 2013 5:20am EST

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  ATHENS, Dec 9 (Reuters) - Greece's gross domestic product  (GDP) shrank 3.0 percent year-on-year in the third quarter of  2013, unchanged from a previous flash estimate published in  November, the country's statistics service ELSTAT said on  Monday.      The decline, based on seasonally unadjusted data, followed a  3.7 percent slump in the second quarter, bringing the economy's  annual contraction pace in the first nine months of the year to   4.0 percent. This is the fourth consecutive quarter in which  Greece's recession eases year-on-year.      ELSTAT does not provide seasonally adjusted  quarter-on-quarter GDP data, which most countries use to measure  their economic performance.      Greece and its international lenders project the economy  will shrink 4.0 percent in the full year of 2013, in what they  expect to be the end of the country's six-year recession.  ****************************************************************      KEY FIGURES    Q3 2013  Q2 2013  Q1 2013   Q4 2012   Q3 2012      GDP (y/y, pct)   -3.0    -3.7    -5.5       -5.7       -6.7      ------------------------------------------------------------      source: ELSTAT  

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