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Euro Zone Economy Shrank in Fourth Quarter of 2011
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The EU statistics agency Eurostat reported that the eurozone countries GDP declined by 0.3% in the 4th quarter compared to the third quarter of 2011. The decline for Germany was 0.2%. For Italy the decline was 0.7% over the prior quarter according to Istat, the Italian statistics agency. Spain 0.3% decline over the prior quarter. France experienced 0.2% growth over the prior quarter with larger exports by Airbus and more business investment. Italy plans cuts to military spending reducing aircraft purchases, buying 90 instead of 131 Lockheed F-35 fighter jets. Only France and Slovakia showed quarterly growth.
Economic growth and GDP growth in eurozone countries 2010-2015
01/11/2010
Quarterly EU growth reports from Eurostat, the European statistics agency, and other national statistics agencies.
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