Friday, February 12, 2010

Euro Zone GDP Disappoints

Reuters details:

The euro zone's economic recovery lost steam in the final quarter of last year as gross domestic product barely expanded, with France the only one of the currency area's four biggest economies to post growth.

The 16-country area's GDP edged up 0.1 percent in the October-December period compared with the previous quarter, and contracted by 2.1 percent from the last quarter of 2008, EU data office Eurostat said in a flash estimate.

Analysts polled by Reuters had expected quarterly growth of 0.3 percent and a year-on-year decline of 1.9 percent.

Over the full year 2009, euro zone GDP fell 4.0 percent.

Source: Eurostat