Friday, February 12, 2010
Europe's growth slows
Posted by David Smith at 11:30 AM
Category: Thoughts and responses

Looked at from a British perspective, the only good news about the fourth quarter Eurostat growth figures was that UK growth, 0.1%, was bang in line with both the EU and eurozone averages. Otherwise it was a downbeat picture. Spain (down 0.1%) has yet to pull out of recession; Greece (down 0.8%) is in an even worse position; Portugal (zero after 0.6% in the third quarter) has weakened; Italy has slipped back (down 0.2% after 0.6% in the third quarter); and, of course, Germany (zero after 0.7% ion the third and 0.4% in the second). Let's salute France, up 0.6% in the fourth quarter; its recovery has lasted for three quarters and is still going strong. More here.