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Eurozone recovery reported in fourth quarter, led by Germany and France | Business News | DW.DE | 14.02.2014

Between October and December 2013, the eurozone economy grew 0.3 percent, improving on a meager 0.1 percent recorded in the previous three-month period of the year, according to , on Friday.

Compared with the fourth quarter of 2012, the rate of expansion was even higher at 0.5 percent, Eurostat said.

...According to the Eurostat figures, the recovery was led by the bloc's main economies, Germany and France, which expanded by 0.4 percent and 0.3 percent respectively.

But the biggest quarterly rises were posted by new eurozone member Latvia, up 0.7 percent, and the Netherlands which grew by the same rate. Italy, which is the euro area's third-biggest economy, grew by only 0.1 percent.

Eurozone laggard Greece saw its economic problems ease somewhat at the end of 2013, logging a better-than expected contraction of 2.6 percent on the annual comparison for the quarter.

A smaller contraction is still a worsening of economic problems, sorry. And -2.6% is "better than expected", LOL.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Fri Feb 14th, 2014 at 02:43:32 PM EST
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