Unrest returns as Greece lurches back into recession

Greece entered a recession in the fourth quarter of 2015, ending a turbulent year with its economy back in the doldrums.

The country’s GDP contracted 0.6% in the three months through December after shrinking a revised 1.4% in the previous quarter, the Hellenic Statistical Authority said yesterday.

The median estimate in a Bloomberg survey was for a 0.8% drop. Greece began one of the most traumatic periods in its modern economic history with the election, a little more than a year ago, of an anti-austerity government committed to tearing up the country’s bailout agreements.