Greek economy sinks back into recession

BBC/05-16-17

Greece has fallen back into recession for the first time since 2012, official figures from Eurostat show.

The country’s gross domestic product (GDP) fell by 0.1% in the first three months of the year after shrinking by 1.2% in the final quarter of 2016.

The figures come as Greek unions begin two days of industrial action against cuts to pensions and tax rises insisted on by creditors.

Greece is still struggling to secure a new bailout from international lenders.

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