Greek annual GDP contracted 2.5% in the first quarter of 2010

Gross Domestic Product (GDP) shrank Greece 2.5 percent in the first quarter over the same period last year, representing a larger drop of 2.3% was calculated.
As reported today in Athens Greek Statistics Authority, over the last quarter of 2009, the GDP was reduced by one percent.

The annual decline of GDP stood at 2.5% in both the third and fourth quarters of last year, while in the previous quarter was 0.8% and 0.5% respectively.
The trade deficit fell by 15.8%, and decreased both imports and exports by 6.6% and 0.5%