The Greek economy shrank  by 0.5% in the first quarter of 2016, compared with the previous quarter, Eurostat announced on Tuesday.

In a report released, Eurostat said that the Greek GDP -seasonally adjusted- fell by 1.9% during January-March period, compared with the same period in 2015.

The report said that the Eurozone economy grew 0.6% in the first quarter and the EU-28 grew by 0.5% in the same period from the fourth quarter of 2015, while Greece, Hungary and Poland are the only countries recorded a GDP fall.

Economic growth in the Eurozone was based on household consumption (up 0.6%) -household consumption rose 0.3% in the EU-28.

Romania (1.6%), Cyprus (0.9%), Spain, Lithuania, Austria and Slovakia (0.8% each) recorded the highest growth rates in the first quarter of 2016, while Greece (0.5%), Hungary (-0.8%) and Poland (-0.1%) recorded negative growth rates.