Friday, November 14, 2008
Eurozone in recession
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

Figures from Eurostat showed that eurozone gross domestic product declined by 0.2% in the third quarter, following a similar drop in the second, confirming that the single currency area is in recession. Most countries have not yet released their third quarter data but Italy, down 0.5% after a fall of 0.4% in the second quarter, and Germany, also down 0.4% and 0.5%, have. France grew by 0.1% in the third quarter and has so far escaped technical recession. More details here.