Mon, May 28, 2012, 12:39 PM EDT - U.S. Markets closed for Memorial Day

Greek output sinks 7 percent in last 2011 quarter

Greek output sinks 7 percent in fourth quarter of 2011

ATHENS, Greece (AP) -- Greece' gross domestic product decreased by 7 percent on the year in the fourth quarter of 2011.

The Greek Statistical Authority on Tuesday said the figure was not seasonally adjusted.

Greece's economy has in decline since late 2008, with successive quarterly contractions since then, with the exception of the first quarter of 2010.

 

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