Greece's GDP Is In Total Freefall

Greece santorini

Photo: Wikimedia Commons

More awful economic statistics out of Greece.In the fourth quarter, GDP shrank 7% from a year earlier.

That compares to a decline of 5% in Q3, according to Reuters.

The idea that the economy can survive more austerity — especially given the attendant social collapse — is laughable.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Tagged In

gdp greece moneygame-us