Battered Greek economy expands mildly in April-June


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

ATHENS, Greece (AP) — Greece's battered economy expanded by a quarterly rate of 0.2 percent in the April-June period, despite a small decline in consumer spending and exports.

The figure released by the country's statistical authority Monday was slightly lower than its initial estimate, earlier this month, of 0.3 percent growth.

Greece's economy has shrunk by about 25 percent since the debt crisis broke out in 2009. The country is being kept afloat by international bailouts, issued on condition of successive spending cuts and reforms.

The left-led government will enter a new round of talks with its creditors next month on the course of its budget austerity program.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press
    KSL.com Beyond Series

    KSL Weather Forecast

    KSL Weather Forecast
    Play button