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Greek economy shrinks 5.3% in first quarter 2013

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(Globalpost/GlobalPost)

Greece's economy contracted by 5.3 percent in the first quarter of 2013 in an annual comparison, flash estimates from the state statistics agency showed on Wednesday.

The equivalent contraction in the first quarter of 2012 had been 6.7 percent of output, the agency said.

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http://www.globalpost.com/dispatch/news/afp/130515/greek-economy-shrinks-53-first-quarter-2013