by dolanbaker » Fri 14 Feb 2014, 18:40:12
http://www.bbc.co.uk/news/business-26185159The eurozone's economy grew by 0.3% in the final three months of 2013, up from 0.1% growth in the previous quarter.
It was the third quarter of growth since the end of an 18-month recession, the longest period of contraction to affect the single currency area.
The eurozone figures include 17 of the EU's economies. Latvia became the currency zone's 18th member in January.
Across the whole 28-nation EU, including the UK, growth for the October-to-December period was 0.4%.
The figures from Eurostat, the EU's statistics office, also showed that
during 2013, GDP contracted by 0.4% in the eurozone, but increased by 0.1% in the EU as a whole.
"The eurozone's recovery has moved up a gear," said Chris Williamson, chief economist of Markit.
In other words the Eurozone contraction has slowed down but growth from other EU countries was enough to "hide the decline!"
It's easy to grow when you're at the bottom of a cycle, if you still can't grow then you're in serious trouble.
Religion is regarded by the common people as true, by the wise as false, and by rulers as useful.:Anonymous
Our whole economy is based on planned obsolescence.
Hungrymoggy "I am now predicting that Europe will NUKE ITSELF sometime in the first week of January"