Greece returns to recession. The Greek country is sinking back into the abyss, marking for the second consecutive quarter a drop in GDP. In fact, in first quarter of 2015 Greek GDP suffered a new contraction, equal to Present in several = 0,2% compared to the previous three months. In the last quarter of 2014, Greece's GDP fell by 0,4% compared to the previous quarter.
Thus, with two consecutive quarters in negative territory, the Greece then it goes back to what economists define technical recession. The latest positive data from the Greek GDP relates to the third quarter of 2014 when the Greek statistical institute had reported growth of 0,7%.
The data released today could put severe pressure on theTsipras executive, at the helm of Greece since December, which has been pursuing difficult negotiations with Europe for months to try to obtain new aid and avoid default.
