Greece’s GDP shrank by 0.2%, during the second quarter, the smallest drop since the third quarter of 2008, but “Don’t expect any wild celebrations in the streets of Athens anytime soon”.

As the article explains, Greek economy has been through hell over the last few years, with unemployment reaching 27% and 25% of economy being destroyed since the peak in late 2007, says Quartz.

“That collapse in economic output puts the Greek recession right up there with the worst depressions in recent memory” the article mentions adding that “the decline in Greek GDP was roughly 33% from the peak”.

According to Quartz, “That’s worse than the US peak-to-trough GDP decline of 27% between 1929 and 1933, during the most acute phase of the Great Depression”.