Greece's economy expanded in the first three months of 2017, its statistics service said today, upwardly revising a previous flash estimate in May that showed a 0.1% quarterly contraction.
Data showed the economy grew by 0.4% in the three months from January to March compared to the final quarter of 2016 when gross domestic product contracted by 1.1%.
The seasonally adjusted data also showed that Greece's economy grew at a year-on-year pace of 0.4% in the first quarter, after contracting by 1% in the fourth quarter of 2016.
May's flash -0.5% estimate also revised upwards.
The Greek government, keen to wrap up a bailout review and get more clarity on further debt relief from its official lenders, has downwardly revised this year's growth projection to 1.8% from 2.7% previously.
It expects the recovery to strengthen next year with gross domestic product growing by 2.4%.
The EU Commission has also cut its economic growth forecast for Greece to 2.1% growth this year from 2.7% previously.
A recovery will be key to bringing down an unemployment rate of nearly 23%, the highest in the euro zone, and attaining a projected primary budget surplus of 1.75% - excluding debt servicing outlays - demanded by Greece's creditors.
The main drivers behind the rise in first-quarter economic output were stronger consumption and gross capital formation, offsetting a negative contribution from net exports.
Consumption rose 0.4% compared to the fourth quarter, with imports rising by 4.5% while exports declined 2.3%. Gross capital formation jumped 48.3% from the previous quarter.
