While Europe’s economy keeps humming, Greece slips back into recession
Euro zone growth held steady to start the year, despite the weak link of Greece
Euro zone GDP grew by 0.5% in the first quarter of 2017, led by Latvia which expanded 1.5%, followed by Lithuania (+1.4%), and Portugal (1%), reports the Financial Times. Germany’s growth accelerated, up 0.6%, while Italy disappointed with a 0.2% increase.
Greece’s economy contracted by 0.1% for the quarter, marking the first time the country has fallen into recession in four years.