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| Eurozone economy suffers growth slowdown https://www.obner.org/board/viewtopic.php?f=8&t=46905 |
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| Author: | tanqing369 [ Sun Jan 09, 2011 11:45 pm ] |
| Post subject: | Eurozone economy suffers growth slowdown |
links of london report,GDP in the 16 countries using the euro was revised down from the 0.4% reported earlier by the EU's Eurostat office. That represents a big fall from the 1% growth registered in the second quarter of the year, from April to June. Much of that decline was due to a big slowdown in Germany, where growth fell from 2.3% in the second quarter to 0.7% in the third quarter. Germany's growth in the April-to-June period was hailed at the time as exceptional, as it was the country's best quarterly performance since the country's unification in 1990. links london The latest figures highlight both the fragile nature of the economic recovery in Europe and Germany's key role in leading the upturn. Third-quarter growth in the eurozone as compared with the same period in 2009 was unchanged from earlier estimates at 1.9%. links of london charms Growth over the three-month period was driven equally by household consumption, government spending and net trade, Eurostat said. |
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