The Greek economy shrank by 7.0 percent in the fourth quarter of 2011, compared with the corresponding period in 2010, Eurostat announced.
The EU executive statistics agency, in a report published here, said the Eurozone economy grew by 0.7 percent in the same period, while the EU-27 economy grew by 0.9 pct in the October-December period of last year. Portugal (-2.7 pct), Slovenia (-1.5 pct), Holland (-0.7 pct), Italy and Cyprus (-0.5 pct each) also recorded a shrinking Gross Domestic Product in the fourth quarter.
On the other hand, Lithuania (5.4 pct), Latvia (5.3 pct) and Poland (4.3 pct) recorded the biggest percentage GDP growth rates in the October-December period.
(source: Eurostat, ana-mpa)
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