Late-2000s recession

Economy contracts by just 1.1 pct in January-March

 Finance Ministry officials say growth may beat budget forecast

By Sotiris Nikas

The Greek economy posted its smallest contraction in four years during the first quarter of 2014, shrinking by 1.1 percent against 6 percent in the same period last year, according to data released on Thursday by the Hellenic Statistical Authority (ELSTAT).